Homburger with PureGym on its senior secured notes offering

Homburger advised PureGym on its EUR 380 million and GBP 475 million senior secured notes offering and its EUR 125 million and GBP 45 million 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 million 10.000% senior secured notes due 2028.

Homburger’s team

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).

PureGym

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