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Planet Fitness raises USD 800 million in whole business securitization funding
Digital Wellness
Jun 3, 2024
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Digital Wellness

Digital Wellness

Jun 3, 2024

Planet Fitness raises USD 800 million in whole business securitization funding

Funding

  • Gym chain Planet Fitness has launched a whole-business securitization, selling USD 800 million of bonds backed by substantial assets. Guggenheim has structured and is aiding in the sale of the fixed-rate bonds, divided into two parts of USD 400 million each. The bonds are rated BBB by S&P Global Ratings and Kroll Bond Rating Agency.

  • The funds generated from the sale will be used to refinance debt that Planet Fitness issued in 2018, with the additional consideration of returning money to shareholders. 

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