Planet fitness prices $800 million securitized financing facility

Hampton, n.h. , june 7, 2024 /prnewswire/ -- planet fitness, inc. (nyse: plnt) (together with its subsidiaries, the "company") today announced that it has priced $800 million of series 2024-1 class a-2 fixed rate senior secured notes (the "class a-2 notes"), which consist of two tranches: the class a-2-i senior secured notes with an anticipated repayment term of five years, with an aggregate principal amount of $425 million and a fixed interest rate of 5.765% per annum, payable quarterly, and the class a-2-ii senior secured notes with an anticipated repayment term of ten years, with an aggregate principal amount of $375 million and a fixed interest rate of 6.237% per annum, payable quarterly.
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