Planet Fitness Holdings, LLC: Loan Covenant Quality Snapshot
CORPORATES ISSUER IN-DEPTH 31 March 2017 Facility Size; Maturity: Revolver: $75m; 31 Mar 2019 Term B: $718.5m; 31 Mar 2021 Incremental: $75m plus amount so first lien net leverage ratio < 4.25x Pricing: Revolver: L+325, subject to a pricing grid. Term B: L+350 LIBOR Floor: Revolver: 0 bps Term B: 75 bps SGL Rating1: SGL-2 (as of publication date) Ownership: Publicly traded; Sponsor: TSG Consume
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