Penfund announces $70M loan to GoodLife Fitness

Penfund announces $70M loan to GoodLife Fitness
April 06
12:39 2015

Penfund, an independent provider of junior capital to middle market companies in North America, announced the completion of a $70 million second lien credit facility provided to GoodLife Fitness Centres Inc.

The proceeds of the facility, together with the proceeds of a $175 million first lien term and revolver facility provided by a syndicate of banks, will be used principally to refinance GoodLife’s existing debt.

According to John Bradlow, a partner of Penfund, “Penfund takes great pride in our continuing involvement in GoodLife’s extraordinary growth which we expect to continue.”

Press release.

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