Planet Fitness prices $800M securitized notes to refinance existing debt

Planet Fitness, Inc.

Issued $425M Class A-2-I at 5.765% (5yr) and $375M Class A-2-II at 6.237% (10yr) in private securitization.
Proceeds to repay ~$591M Series 2018-1 Class A-2-II notes, pay transaction costs, and fund reserve accounts.
General corporate purposes may include funding share repurchases.
Closing expected on or around June 12, 2024, subject to conditions.

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