Paul Hastings Advises on the Financing for the Purchase of Planet Fitness Holdings, LLCs Equity Interest by TSG Consumer Partners, LLC
New York, NY - Paul Hastings LLP, a leading global law firm, announced today that the firm represented joint book-running managers and lead arrangers, J.P. Morgan Securities LLC, BMO Capital Markets, CIT Group, OneWest Bank and U.S. Bank National Association, in connection with the financing of the acquisition of majority equity interest of Planet Fitness Holdings, LLC by TSG Consumer Partners, LLC. The financing consists of a $190.0 million term loan facility and $40.0 million revolving facility. JPMorgan Chase Bank, N.A. served as the administrative agent. BMO Capital Markets, CIT Group, OneWest Bank and U.S. Bank National Association also acted as co-syndication agents.
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