Planet Fitness (NYSE: PLNT) plans refinancing of $410M Series 2022-1 notes

Rhea-AI Filing Summary

Planet Fitness, Inc. reported that certain of its subsidiaries plan to complete a refinancing transaction. The plan includes issuing a new series of securitized notes under the company’s existing securitized financing facility and using the proceeds to repay their existing Series 2022-1 Class A-2-I Notes. These existing notes had a principal balance of approximately $410 million as of September 3, 2025. The company disclosed this plan in connection with a press release, which is attached as an exhibit and incorporated by reference.

Insights

Credit and capital structure analyst

Planet Fitness plans to refinance about $410M of securitized debt, but terms are not yet disclosed.

Planet Fitness states that subsidiaries intend to issue a new series of securitized notes under the existing securitized financing facility. The proceeds are expected to repay the Series 2022-1 Class A-2-I Notes, which had a principal balance of approximately $410 million as of September 3, 2025.

Because the company has not yet detailed interest rates, maturities, or covenants for the new securitized notes in this excerpt, the net effect on interest expense and financial flexibility cannot be assessed here. The announcement simply indicates an intent to refinance within the established securitization framework rather than add an entirely new type of debt.

The press release dated December 1, 2025, referenced as Exhibit 99.1, is positioned to provide fuller terms and context once available. Subsequent disclosures in company filings may further describe pricing, structure, and any changes to overall leverage.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of

The Securities Exchange Act of 1934

December 1, 2025

Date of Report (Date of earliest event reported)  

 Planet Fitness, Inc.

(Exact name of registrant as specified in its charter)

Delaware

001-37534

38-3942097

(State or other jurisdiction of incorporation)

(Commission File Number)

(I.R.S. Employer Identification No.)

4 Liberty Lane West

Hampton, NH 03842

(Address of principal executive offices)

(Zip Code)

Registrant’s telephone number, including area code: (603) 750-0001

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Exchange act:

Title of each class			Trading Symbol(s)			Name of each exchange on which registered
Class A common stock, $0.0001 Par Value			PLNT			New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Securities Exchange Act of 1934.

Emerging growth company  ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.   ☐

Item 8.01 Other Events.

On December 1, 2025, Planet Fitness, Inc. issued a press release announcing the intent of certain of its subsidiaries to complete a refinancing transaction, which will include the issuance of a new series of securitized notes under their existing securitized financing facility and repayment of their existing Series 2022-1 Class A-2-I Notes, which as of September 3, 2025, had a principal balance of approximately $410 million. A copy of the press release is filed herewith as Exhibit 99.1 and is incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

Exhibit No.						Description
99.1						Planet Fitness, Inc. Announces Proposed Refinancing Transaction, dated December 1, 2025.
104						Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

PLANET FITNESS, INC.
By:						/s/ Jay Stasz
Name: Title:						Jay Stasz Chief Financial Officer

Dated: December 1, 2025

FAQ

What refinancing did Planet Fitness (PLNT) announce?

Planet Fitness announced that certain subsidiaries intend to complete a refinancing transaction that includes issuing a new series of securitized notes under their existing securitized financing facility and repaying the existing Series 2022-1 Class A-2-I Notes.

How much Planet Fitness debt is targeted in this refinancing?

The refinancing is expected to repay the existing Series 2022-1 Class A-2-I Notes, which had a principal balance of approximately $410 million as of September 3, 2025.

What type of debt will Planet Fitness use in the refinancing?

The company plans to issue a new series of securitized notes under its existing securitized financing facility to support the refinancing.

Does Planet Fitness provide details on interest rates or maturities for the new notes?

The content states only the intent to issue a new series of securitized notes; specific terms such as interest rates or maturities are not described in this excerpt.

Where can investors find more information about the Planet Fitness refinancing?

Additional details are included in a press release titled “Planet Fitness, Inc. Announces Proposed Refinancing Transaction”, which is filed as Exhibit 99.1 and incorporated by reference.

Which Planet Fitness subsidiaries are involved in the refinancing?

The disclosure notes that certain subsidiaries of Planet Fitness intend to complete the refinancing, but it does not specify them by name in this excerpt.