Homburger advised PureGym on its EUR 380 m and GBP 475 m senior secured notes offering and its EUR 125 m and GBP 45 m private placement

Following the successful offering and issuance of EUR 380 m 8.250% senior secured notes due 2028 and GBP 475 m 10.000% senior secured notes due 2028 by Pinnacle Bidco plc,the parent company of PureGym Limited, on October 11, 2023, on September 27, 2024, Pinnacle Bidco plc completed the sale and issuance of privately-placed EUR 125 m 8.250% senior secured notes due 2028 and GBP 45 m 10.000% senior secured notes due 2028.

PureGym is a leading European gym operator, with 1.9 m members across approximately 550 sites in its key markets (United Kingdom, Denmark and Switzerland).

The Homburger team was led by Jürg Frick (Financing and Investment Products) and included Alexander Wherlock and Sarah Fasel (both Financing and Investment Products) as well as Stefan Oesterhelt (Tax).