White & Case advises banks on PureGym’s £1.6 billion financing transactions including senior secured notes offerings and RCF upsize

Global law firm White & Case LLP has advised the initial purchasers and lenders on PureGym's offering of £1.4 billion-equivalent dual-tranche senior secured notes due 2032 and £216 million revolving credit facility.

The proceeds of the notes and credit facilities are to be used, among others, to refinance the company's existing indebtedness and for general corporate purposes.

Pure Gym is a leading provider of fitness clubs in the UK and internationally, with over 700 sites and approximately 2.4 million members.

This transaction builds on White & Case's previous work advising on numerous PureGym financings since 2018.

The White & Case team which advised on the transaction was led by partners Anna Soroka and Martin Forbes and included partner Anthony Tama, associates Jere Agbaje, Stephen Bhasera and Grigor Chobanyan and trainees Rudolf Glekler, Canaan Chan, Alexandra Peters and Emil Ali.

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