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PF Growth to launch $205 million credit facilities on Thursday
By Sara Rosenberg
New York, June 12 – PF Growth Partners is set to hold a lender call on Thursday to launch $205 million of credit facilities, according to a market source.
Fifth Third Bank is the lead arranger on the deal.
The facilities consist of a $5 million revolver, a $170 million six-year first-lien term loan and a $30 million six-year delayed-draw first-lien term loan, the source said.
Proceeds will be used to refinance existing debt, pay a dividend and fund club growth and acquisitions.
PF Growth is an operator of Planet Fitness.
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