Health and Fitness Club Industry News: Chains
Sunday, April 19th, 2026
Planet Fitness Prices $800 Million Securitized Financing Facility
Posted: June 7, 2024 in Chains
HAMPTON, N.H. - Planet Fitness, Inc. (NYSE: PLNT) (together with its subsidiaries, the "Company") announces that it has priced $800 million of Series 2024-1 Class A-2 Fixed Rate Senior Secured Notes (the "Class A-2 Notes"), which consist of two tranches: the Class A-2-I Senior Secured Notes with an anticipated repayment term of five years, with an aggregate principal amount of $425 million and a fixed interest rate of 5.765% per annum, payable quarterly, and the Class A-2-II Senior Secured Notes with an anticipated repayment term of ten years, with an aggregate principal amount of $375 million and a fixed interest rate of 6.237% per annum, payable quarterly. Read More...
Planet Fitness, Inc. Announces Proposed Refinancing Transaction
Posted: May 29, 2024 in Chains
HAMPTON, N.H. - Planet Fitness, Inc. (NYSE: PLNT) (together with its subsidiaries, the "Company") announces that certain of its subsidiaries intend to complete a refinancing transaction, which will include the issuance of a new series of securitized debt under their existing securitized financing facility and repayment of their existing Series 2018-1 Class A-2-II Notes. Read More...
Midwest Fitness Partners Continues Planet Fitness Expansion Into St. Louis Metro
Posted: May 6, 2024 in Chains
ST. LOUIS, MO - Midwest Fitness Partners (MFP), one of the largest and fastest-growing Planet Fitness franchisees announces they have four new units in development in the St. Louis metro area. Cornerstone, MFP's real estate company, has developed over 850,000 square feet of retail real estate assets with Planet Fitness as anchor. Their portfolio spans 11 states throughout the Midwest and Southern U.S. Read More...
Planet Fitness Names Colleen Keating Chief Executive Officer
Posted: April 16, 2024 in Chains
HAMPTON, N.H. - Planet Fitness, Inc. (NYSE: PLNT) (the "Company"), announces that it has appointed Colleen Keating as the Company's Chief Executive Officer, effective June 10, 2024. At that time, Craig Benson will resign as Interim CEO but will continue to serve as a member of the Company's Board of Directors. Read More...
Planet Fitness and Megan Thee Stallion Release a Second Co-Branded Merch Collection “Thee Hottie Drop” in Honor of Women’s History Month
Posted: March 13, 2024 in Chains
HAMPTON, N.H. - Planet Fitness, one of the largest and fastest-growing franchisors and operators of fitness centers with more members than any other fitness brand, announces its second drop of limited-edition, co-branded merch with Megan Thee Stallion, also known as 'Mother Fitness.' In support of women's empowerment, 'Thee Hottie Drop' will be available for purchase through March 31, or until supplies last. Planet Fitness will donate 100% of its sale profits* to both Pete & Thomas Foundation and SeekHer Foundation to empower women and advance their mental and physical wellness. Read More...
CDM Fitness Holdings Grows Pacific Northwest Footprint with Purchase of Seven Tacoma-Area Planet Fitness Clubs
Posted: March 12, 2024 in Chains
KENT, WA - CDM Fitness Holdings (CDM), an SBJ Capital portfolio company [based in Foxborough, MA, with an office in Kent, WA] and one of the largest developers and operators of fitness clubs under the Planet Fitness brand, announces the purchase of seven Tacoma, Washington-area Planet Fitness clubs from Jeg Viper LLC of Philadelphia. The properties total nearly 162,000 square feet. This transaction (which did not involve brokers) grants CDM the rights to build and operate additional clubs in the Tacoma area. Read More...
Planet Fitness Chief Financial Officer Tom Fitzgerald to Retire
Posted: February 22, 2024 in Chains
HAMPTON, N.H. - Planet Fitness, Inc. (NYSE: PLNT) (the "Company"), announces that Tom Fitzgerald, Chief Financial Officer, has informed the company of his intention to retire at the end of August 2024. In connection with this transition, the company will conduct a comprehensive search to identify a new CFO with the assistance of a leading executive search firm. Read More...
Planet Fitness Opens in Wheaton, Maryland
Posted: January 31, 2024 in Chains
TIMONIUM, MD - Planet Fitness, one of the nation’s largest and fastest-growing franchisors and operators of fitness centers with more members than any other fitness brand, announces that its Wheaton club is now open. Planet Fitness Wheaton is owned by Victor Brick's Ohana Growth Partners, a franchise division of Planet Fitness. Read More...
Planet Fitness Opens in Lake Stevens
Posted: January 30, 2024 in Chains
TIMONIUM, MD - Planet Fitness, one of the nation’s largest and fastest-growing franchisors and operators of fitness centers with more members than any other fitness brand, announces the opening of its Lake Stevens club in Washington state. Planet Fitness Lake Stevens is owned by Victor Brick's Ohana Growth Partners, a franchise division of Planet Fitness. Read More...
Planet Fitness Launches Multi-Channel Media Network
Posted: January 3, 2024 in Chains
HAMPTON, N.H. - Planet Fitness, one of the largest and fastest-growing franchisors and operators of fitness centers with more members than any other fitness brand, announces the launch of its multi-channel advertising solution, the PF Media Network. The PF Media Network aims to connect advertisers to Planet Fitness members, in-club and digitally across channels, to drive awareness and sales. The PF Media Network will consist of three channels: in-club media, digital audiences and affiliate campaigns. Read More...
