---
schema_version: "secwatch.filing_event.v1"
accession: "0001637207-25-000088"
form_type: "8-K"
ticker: "PLNT"
cik: "0001637207"
company_name: "Planet Fitness, Inc."
filed_at: "2025-12-15T23:59:59+00:00"
generated_at: "2026-05-16T13:13:23.525283+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Planet Fitness closes $750M notes refinancing and launches $350M accelerated share repurchase

## Summary
- Issued $400M of 5.274% Class A-2-I and $350M of 5.649% Class A-2-II senior secured notes due 2030/2032.
- Proceeds used to repay ~$410M of existing Series 2022-1 notes, pay costs, fund reserves, and general corporate purposes.
- Entered $350M accelerated share repurchase with Citibank; initial delivery of ~2.5M shares (80% of expected total) in Q4 2025.
- Board approved new $500M buyback authorization, effective upon completion of the ASR, replacing prior $500M program.
- Variable funding notes of $75M (plus existing $75M facility) remain undrawn at closing.

## SEC filing metadata
- accession: 0001637207-25-000088
- form_type: 8-K
- ticker: PLNT
- cik: 0001637207
- company_name: Planet Fitness, Inc.
- filed_at: 2025-12-15T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 1.02, 2.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1637207/000163720725000088/0001637207-25-000088-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1637207/000163720725000088/plnt-20251212.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001637207-25-000088
- JSON: https://secwatch.observer/filing/0001637207-25-000088.json
- Plain text: https://secwatch.observer/filing/0001637207-25-000088.txt

## Key facts
- Debt Financings
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1637207/000163720725000088/0001637207-25-000088-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.