Gym Group beefs up sterling revolver

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By Mike Turner
03 Dec 2019

The UK’s The Gym Group has refinanced its sterling revolving credit facility with a bigger deal, as the company launches a new, smaller gym format.

The company has signed a £70m four year revolver. Banco de Sabadell, HSBC and NatWest Markets are providing the facility.

It replaces the company’s existing £60m facility on better terms, according to the borrower.

The loan comes as the Gym Group launches “small box” format gyms, which are scaled down ...

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