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Planet Fitness Announces New Securitized Debt Issuance and $75 Million Variable Funding Note Facility
Planet Fitness, Inc. Class A PLNT | 90.70 | +2.30% |
Planet Fitness Inc. announced that certain subsidiaries intend to complete a refinancing transaction, which will include the issuance of a new series of securitized debt under their existing securitized financing facility and repayment of their existing Series 2022-1 Class A-2-I Notes. The company also expects these subsidiaries to enter into a $75 million variable funding note facility, in addition to the existing $75 million 2022-1 Variable Funding Senior Secured Notes, Class A-1. As of September 30, 2025, there were no borrowings outstanding under the existing variable funding notes facility. The outstanding debt under the existing securitized financing facility was approximately $2.2 billion as of September 30, 2025. The offering is anticipated to close in December 2025, subject to market and other conditions. View original content to download multimedia:https://www.prnewswire.com/news-releases/planet-fitness-inc-announces-proposed-refinancing-transaction-302628672.html


