PureGym privately places €45M add-on to 5.5% notes due 2025; terms

PureGym Ltd. on Feb. 26 privately placed a fungible add-on to its 5.5% bonds due 2025, via sole placement agent Barclays. Proceeds are for general corporate purposes. The outstanding bonds were quoted in a 101.5 area around the time the add-on bonds priced (the outstanding bonds were issued in November 2020).

Founded in 2008, PureGym operates more than 260 gyms with more than 1.1 million members, making it the largest such operator in the U.K. It was acquired by Leonard Green in 2017. Terms: