NYSE:PLNTHospitality
Did Planet Fitness’ $750 Million Refinancing and Upgraded 2025 Outlook Just Shift PLNT’s Investment Narrative?
Planet Fitness, Inc. recently completed a refinancing, issuing US$400,000,000 in five-year Class A-2-I Senior Secured Notes at a 5.274% fixed rate and US$350,000,000 in seven-year Class A-2-II Senior Secured Notes at a 5.649% fixed rate, alongside an undrawn US$75,000,000 variable funding facility.
The company used the proceeds to retire existing 2022-1 Class A-2-I notes, cover transaction-related costs, and support general corporate needs such as share repurchases, reshaping its capital...