AB Private Credit Investors™ ("AB-PCI") acted as co-lead arranger and serves as co-admin agent for a $195,000,000 senior secured credit facility for United PF Partners ("United PF"), the largest Planet Fitness franchisee in the U.S. with 63 clubs in nine states.
United PF is a growth-oriented franchisee with significant room for new club development under its area development agreements. The company has opened four new clubs since closing of the transaction, and the credit facility provides funding to support future growth plans.
Eagle Merchant Partners and JLM Financial Partners created United PF by bringing together five leading Planet Fitness franchisees. Trey Owen will serve as CEO of United PF.
About United PF Partners: United PF Partners is the largest Planet Fitness franchisee in the U.S. with 63 clubs and development rights to build new clubs across the Midwest, South and Mid-Atlantic regions. United PF currently operates clubs in nine states, including Alabama, Kansas, Louisiana, Mississippi, Missouri, Oklahoma, Pennsylvania, Texas and West Virginia.
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