secwatch.observer — SEC 8-K summary
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Issuer:     Xponential Fitness, Inc. (XPOF)
CIK:        0001802156
Form:       8-K
Filed at:   2025-12-08T23:59:59+00:00
Accession:  0001193125-25-311452
Event type: other_material
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 1.02, 2.03, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Xponential Fitness refinances debt with $525M term loan, eliminates convertible preferred stock
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- New $525M term loan and $25M revolver; 5-year maturity; interest based on Term SOFR or Base Rate plus margin.
- Proceeds used to repay ~$369.2M existing debt; paid $7.2M exit fee and $10.4M make-whole premium.
- Repurchased all 114,660 shares of preferred stock for ~$127M plus ~$1.4M accrued dividends; no preferred shares remain.
- Preferred stock was convertible into ~8.2M common shares; elimination removes dilution for common holders.
- CFO Meloun says refinancing may reduce interest payments by up to 1% if financial milestones achieved.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1802156/000119312525311452/0001193125-25-311452-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1802156/000119312525311452/d32941d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-311452

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer