Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.95
Planet Fitness, Inc. incurred revolving credit of up to $75 million in Series 2025-1 Variable Funding Senior Notes, Class A-1 with Morgan Stanley Bank, N.A., Morgan Stanley Asset Funding, Inc., and certain conduit investors at per annum rates equal to (i) one, three or six month term SOFR plus 185 basis po maturing It is anticipated that the principal and interest on the Variable Funding Notes will be repaid in full on or prior to December 2030, subject to two additional o.
- Instrument
- revolving credit
- Principal
- up to $75 million in Series 2025-1 Variable Funding Senior Notes, Class A-1
- Counterparty
- Morgan Stanley Bank, N.A., Morgan Stanley Asset Funding, Inc., and certain conduit investors
- Rate
- per annum rates equal to (i) one, three or six month term SOFR plus 185 basis po
- Maturity
- It is anticipated that the principal and interest on the Variable Funding Notes will be repaid in full on or prior to December 2030, subject to two additional o
- Event
- incurrence
Exact text from the filing
the Master Issuer also entered into the previously announced revolving financing facility that allows for the issuance of up to $75 million in Series 2025-1 Variable Funding Senior Notes, Class A-1 (the “Variable Funding Notes”), and certain letters of credit, all of which are currently undrawn
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Planet Fitness, Inc. entered into Series 2025-1 Supplement with Citibank, N.A., as trustee and securities intermediary valued at $400 million in aggregate principal amount of Series 2025-1 5.274% Fixed Rate Senior Secured Notes, (effective 2025-12-15).
- Action
- entry
- Agreement
- notes offering
- Counterparty
- Citibank, N.A., as trustee and securities intermediary
- Value
- $400 million in aggregate principal amount of Series 2025-1 5.274% Fixed Rate Senior Secured Notes,
- Effective
- 2025-12-15
Exact text from the filing
The Notes were issued under an Amended and Restated Base Indenture dated as of February 10, 2022 (the “ A&R Base Indenture ”), a copy of which is filed as Exhibit 4.1 to the Current Report on Form 8-K filed by the Company on February 10, 2022, as amended by the Supplement No. 1 to A&R Base Indenture dated as of June 12, 2024 (the “Supplement No. 1”), a copy of which is filed as Exhibit 4.1 to the Current Report on Form 8-K filed by the Company on June 12, 2024, and as further amended by the Supplement No. 2 to A&R Base Indenture dated as of the Closing Date (the “ Supplement No. 2 ”), a copy of which is attached to this Form 8-K as Exhibit 4.1, and the related Series 2025-1 Supplement, dated as of the Closing Date (the “ Series 2025-1 Supplement ” and collectively with the A&R Base Indenture, the Supplement No. 1 and the Supplement No. 2, the “ Indenture ”) and a copy of the Series 2025-1 Supplement, which is attached to this Form 8-K as Exhibit 4.2, each between the Master Issuer and
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Planet Fitness, Inc. entered into Variable Funding Note Purchase Agreement with Morgan Stanley Bank, N.A., as provider of letters of credit and Morgan Stanley Asset Funding, Inc., as administrative agent valued at up to $75 million in Series 2025-1 Variable Funding Senior Notes, Class A-1 (effective 2025-12-15).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- Morgan Stanley Bank, N.A., as provider of letters of credit and Morgan Stanley Asset Funding, Inc., as administrative agent
- Value
- up to $75 million in Series 2025-1 Variable Funding Senior Notes, Class A-1
- Effective
- 2025-12-15
Exact text from the filing
Drawings and certain additional terms related to the Variable Funding Notes are governed by the Class A-1 Note Purchase Agreement dated as of the Closing Date (the “Variable Funding Note Purchase Agreement”) among the Master Issuer, the Guarantors, the Manager, certain conduit investors, financial institutions and funding agents, and Morgan Stanley Bank, N.A., as provider of letters of credit and Morgan Stanley Asset Funding, Inc., as administrative agent.
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