Planet Fitness preps debut ABS

Planet Fitness is issuing a whole business securitization, a first for the North American fitness franchise.

  • By Fotios Tsarouhis
  • 10 Jul 2018

The Hampton, New Hampshire-based company will use the proceeds of the $1.225bn corporate ABS issue to refinance its $708m of term loan debt and for “general corporate purposes” that include returning capital to shareholders.

The securitization is backed by the company’s US franchise agreements and vendor contracts, as ...

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