Fitness firm in US starts US$800mil debt sale


Guggenheim structured the deal and is helping sell the fixed-rate bonds, which comes in two portions of US$400mil each. — Bloomberg

NEW YORK: Planet Fitness, a gym chain with its headquartres in the United States, has started selling US$800mil of bonds backed by most of the company’s assets, the latest in a string of recent deals known as whole business securitisations.

Guggenheim structured the deal and is helping sell the fixed-rate bonds, which comes in two portions of US$400mil each.

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