LifeFit Group issues a 4-year bond of 40 million euros
smile X is the leading regional fitness provider in the Saar-Pfalz district in southwestern Germany. With nearly 40,000 members in 17 existing clubs and five other studios in the opening and planning phase, the LifeFit Group is now entering the fast-growing high-value low-price fitness market with smile X for the first time. The bonds maturing in July 2023 will carry a variable coupon of 3-month Euribor + 7.50 percent p.a. equipped and quarterly interest.
The bonds are subject to Swedish law. The Issuer has agreed to note the Notes on a regulated market shortly after the Issue Date on the Open Market of the Frankfurt Stock Exchange and within 12 months of the Issue Date. To support the continued growth and development of the LifeFit Group, the bonds were issued in a € 120 million framework. The issue of the bond was well received by the market and placed with high quality Nordic, Continental European and US investors.
further information: https://www.lifefit-group.com/