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PureGym  (UK)

2008

Private

Status: Performing

All payments are on time

BACK TO MARKET


Coupon

6.375%

Current Yield

6.1%

*
Estimated Yield to Maturity

5.6%

**
Maturity Date

15 Feb 2025

Next Interest Payment

15 Feb 2019

Interest Payment Frequency

6 months

Industry

Retail

Amount

£390,000,000

ISIN

XS1756633126

Ratings

Moody's  B3, Fitch  B

Next Call

25 Feb 2021 at 103.188
25 Feb 2022 at 101.159
25 Feb 2023 at 100


Business Description

Founded in 2008, PureGym is the largest operator of gyms in the UK. The company operates over 200 gyms with more than one million members. This is 50% more members and gyms than the next largest private UK gym operator.

PureGym pioneered the low cost, high quality fitness experience and has a customer centric proposition, offering affordable 24/7 gym access with flexible membership.

On 30 November 2017, PureGym was acquired by Leonard Green & Partners for £600 million.

Capital at risk. No FSCS cover. See Risk Statement.

 

Please note as a WiseAlpha member you are not lending directly to the corporate borrower. Instead, you are investing in a Participation Note, or “Note”, which corresponds and is backed by a specific loan or bond investment made through the WiseAlpha platform reflecting the key economic terms of the investment.

WiseAlpha Technologies Limited (FRN: 751087) is authorised and regulated by the Financial Conduct Authority in the UK.
WiseAlpha Technologies Limited is a company registered in England, with its registered office at Level 39, One Canada Square, Canary Wharf, London E14 5AB (Company No. 08967521).
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