Planet Fitness Borrows in a Big Bet on Life Returning to Normal [Business News Network (BNN) (Canada)]
Planet Fitness, Inc. (PLNT)
Last planet fitness, inc. earnings: 2/25 04:05 pm
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US:NYSE Investor Relations:
investor.planetfitness.com/investors/default.aspx
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Source: Business News Network
The company plans next week to sell $975 million of bonds backed by almost all its U.S. assets that generate revenue, including franchise payments and corporate-owned locations. By effectively mortgaging its business, it can sell investment-grade notes instead of a junk debt. These bonds are known as whole-business securitizations, and investors are clamoring for them as they look for securities with relatively high yields during a time of high inflation. Companies ranging from fast food restaurants to housecleaners have sold these kinds of notes recently, which helped bring total sales of asset-backed securities last year to a post-crisis record. Read more: From Fried Food to Gym Fees, It's All Securitized in Yield Grab It's not clear how much Planet Fitness's securities will yield, but similarly rated five-year securities from Self Esteem Brands, owner of the Anytime Fitness chain of 24-hour gyms, were sold at yields around 5% in November. Yields on corporate bonds maturing i
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- PLANET FITNESS, INC. TO REPORT FIRST QUARTER 2024 RESULTS ON MAY 9, 2024 [Yahoo! Finance]Yahoo! Finance
- PLANET FITNESS, INC. TO REPORT FIRST QUARTER 2024 RESULTS ON MAY 9, 2024PR Newswire
- Best personal trainer certifications for 2024 [Fortune]Fortune
PLNT
Earnings
- 2/22/24 - Beat
PLNT
Sec Filings
- 4/25/24 - Form 144
- 4/24/24 - Form 144
- 4/16/24 - Form 8-K
- PLNT's page on the SEC website