MyFitnessPal receives loan to fund LBO by Francisco Partners

MyFitnessPal Inc. received a senior secured credit facility as part of a private equity buyout, market sources said today. MidCap Financial was administrative agent and sole lead arranger.

Proceeds backed the purchase of MyFitnessPal by private equity firm Francisco Partners from Under Armour Inc. Under Armour announced Oct. 30 that it reached an agreement with Francisco Partners to sell the company in a $345 million transaction. The sale closed in December 2020.