Planet Fitness completes $800M securitized note refinancing, repays $591M 2018 notes

Planet Fitness, Inc.

Issued $425M Class A-2-I notes at 5.765% (5-year) and $375M Class A-2-II notes at 6.237% (10-year).
Proceeds used to repay $591M Series 2018-1 Class A-2-II notes, transaction costs, and fund reserves.
Remaining proceeds available for general corporate purposes, including potential share repurchases.
Notes secured by substantially all U.S. revenue-generating assets (franchise agreements, IP, store assets).
Quarterly principal payments may be suspended if leverage ratio <= 5.0x.

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