by Stephen Carter
Feb 26, 2021 12:59 PM ET
Privately placed: Pinnacle Bidco plc (PureGym) (PURGYM) EUR45m Reg S add-on to its 5.50% sr sec notes due 02/15/25 (4y). NC1 (Jan 15, 2022) (MWC B+50bp), then at 102.75, 101.375, 100. B3/NR/B-. Via Barc as placement agent. NY law. List ISE. Semi pay May 15 and Nov 15, starts May 15, 2021. Trade date today. Settles 03/04 (T+4). Reg S ISIN: XS2251627514. Fungible with the EUR445m issue priced 11/10/20.
Priced: 5.50% at 100.
UOP: GCP. Equity sponsor: Leonard Green. Biz: PureGym is the UK’s leading gym operator (Fitness World is the largest fitness operator in Denmark and also has operations in Switzerland and Poland). HQ: Leeds, UK.