Planet Fitness prices $750M securitized financing; two tranches at 5.274% and 5.649%

Planet Fitness, Inc.

Issued $400M Series 2025-1 Class A-2-I at 5.274% with 5-year term and $350M Series 2025-1 Class A-2-II at 5.649% with 7-year term.
Proceeds will repay ~$410M of existing Series 2022-1 Class A-2-I notes, pay transaction costs, fund reserves, and may support share repurchases.
Also expects a $75M variable funding note facility (additional capacity; no borrowings outstanding as of Sep 30, 2025).
Closing expected on or around December 15, 2025, subject to customary conditions.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Planet Fitness, Inc. entered into Purchase Agreement with Guggenheim Securities, LLC valued at $750 million aggregate principal amount (effective 2025-12-05).

Action: entry
Agreement: notes offering
Counterparty: Guggenheim Securities, LLC
Value: $750 million aggregate principal amount
Effective: 2025-12-05

Exact text from the filing

entered into a Note Purchase Agreement (the “ Purchase Agreement ”), with Guggenheim Securities, LLC, as representative of the several initial purchasers, relating to the issuance and sale of $750 million aggregate principal amount of notes consisting of $400 million Series 2025-1 5.274% Fixed Rate Senior Secured Notes, Class A-2-I

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Planet Fitness, Inc. filing history →

Source: SEC EDGAR

accession 0001637207-25-000084

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