Basic-Fit completes inaugural EUR 180 million senior unsecured bond issue

Basic-Fit N.V. (“Basic-Fit”) has successfully completed its inaugural bond issuance through an issue of EUR 180 million in floating rate senior unsecured bonds under a framework of EUR 450 million. The proceeds from the bond issue will be used to refinance certain of Basic-Fit’s existing debt. The bonds are intended to be admitted to trading on the corporate bond list of Nasdaq Stockholm.

Basic-Fit is Europe’s largest fitness operator and franchisor, with more than 2,150 clubs and over 6 million memberships and is listed on Euronext Amsterdam.

Basic-Fit was advised by Mannheimer Swartling in connection with the bond issue. The firm’s team consisted of Gustav Glimblad, Christian Andersson and Nils Grahed Thunberg.