Planet Fitness
Hampton, Provence-Alpes-Cote d'Azur, United States · Fitness, Health Care, Hospitality · 2 employees
Founded in 1992 in Dover, NH, Planet Fitness is one of the largest and fastest-growing franchisors and operators of fitness centers in the United States by number of members and locations. As of December 31, 2021, Planet Fitness had 15.2 million members and 2,254 stores in 50 states, the District of Columbia, Puerto Rico, Canada, Panama, Mexico and Australia. The Company's mission is to enhance pe
Funding history
- Funding Round — $900.0M — Jan 2022
Recent signals
- May 28, 2026: Planet Fitness — Tenant Improvement at 809 NE 45TH ST · SEA
- May 05, 2026: PLANET FITNESS — Alteration at 10808 S DOTY AVE E · CHI
- Mar 16, 2026: SEC 8-K (5.02): On March 16, 2026, Planet Fitness, Inc. expanded its board of directors from nine to ten members by appointing Harmit Singh to fill the newly created vacancy. The appointment took effect immediately on March 16, 2026. The Board determined that Mr. Singh meets the independence standards of the New York Stock Exchange and possesses the qualifications necessary for this position. Mr. Singh is currently the Executive Vice President and Chief Financial and Growth Officer at Levi Strauss & Co., responsible for various key functions including finance, corporate strategy, and franchise growth, indicating a strategic move for Planet Fitness that may impact its future direction and growth opportunities.
- Mar 09, 2026: Planet Fitness Appoints Tom Fitzgerald as Interim Chief Financial Officer
- Feb 09, 2026: SEC 8-K (5.02): On February 9, 2026, Planet Fitness, Inc. announced the appointment of Stephen 'Steve' Beard to its Board of Directors, increasing the board size from eight to nine members. Mr. Beard, who is currently the Chairman and CEO of Covista Inc., was deemed independent and has met the qualifications set by the New York Stock Exchange. This appointment is significant as it brings additional expertise to the Board, particularly in addressing workforce challenges in the healthcare sector, which may influence Planet Fitness's strategic direction and governance.
- Dec 12, 2025: SEC 8-K (1.01): On December 15, 2025, Planet Fitness Master Issuer LLC, an indirect subsidiary of Planet Fitness, Inc., entered into a material definitive agreement involving a securitization transaction. The company issued $400 million in Class A-2-I Senior Secured Notes at a fixed rate of 5.274% and $350 million in Class A-2-II Senior Secured Notes at a fixed rate of 5.649%. This transaction is significant for refinancing and improving the company’s capital structure. The offering was made exempt from registration under the Securities Act of 1933.
- Dec 05, 2025: SEC 8-K (1.01): On December 5, 2025, Planet Fitness Master Issuer LLC, an indirect subsidiary of Planet Fitness, entered into a Note Purchase Agreement to issue and sell $750 million in aggregate principal amount of Class A-2 Notes. This transaction includes participation from subsidiaries such as Planet Fitness Holdings, LLC, and is facilitated by Guggenheim Securities, LLC as the representative of the initial purchasers. The financial implication of this agreement is significant for the company, potentially enhancing its liquidity and funding capabilities. This agreement represents a key strategic move in securing capital for future expansions and operations.
- Dec 01, 2025: SEC 8-K (2.01): On December 1, 2025, Planet Fitness, Inc. announced a proposed refinancing transaction involving its subsidiaries. The refinancing will include the issuance of a new series of securitized notes under their existing securitized financing facility and will involve the repayment of their existing Series 2022-1 Class A-2-I Notes, which had a principal balance of approximately $410 million as of September 3, 2025. This strategic move is aimed at optimizing their capital structure and enhancing financial flexibility. The transaction is significant as it indicates Planet Fitness's intention to effectively manage its debt obligations while possibly reducing financing costs.
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