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0 0.0190058479532164 0 0.0248538011695906 0.0248538011695906 0.0263157894736842 0.0453654970760234 0.0453216374269005
Stock impact report

Xponential Fitness, Inc. Announces Debt Refinancing, New Credit Facilities

Xponential Fitness, Inc. Class A (XPOF) 
Company Research Source: Business Wire
Company to Repurchase All Outstanding Convertible Preferred Equity IRVINE, Calif.--(BUSINESS WIRE)--Xponential Fitness, Inc. (NYSE: XPOF) (the “Company”, “Xponential”, or “Xponential Fitness”), one of the leading global franchisors of boutique health and wellness brands, today announced it has entered into a new credit agreement to refinance the Company’s existing debt with a new five year term loan facility (the “term loan”) of $525 million. The new credit agreement also provides for a revolving credit facility with borrowing capacity of $25 million.“This refinancing not only allows the Company to decrease interest payments by up to one percent if it achieves certain financial milestones, but it also eliminates the Company’s preferred stock which were convertible into approximately 8.2 million shares of common stock,” said John Meloun, Chief Financial Officer of Xponential Fitness. “We are now even better positioned to support our strategic priorities and create long-term value fo Show less Read more
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