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Benzinga
Benzinga
Business
Shivani Kumaresan

F45 Secures $150M Financing For US Franchise Expansion

F45 United States NYSE
  • F45 Training Holdings Inc (NYSE:FXLV) has entered into a strategic financing facility with affiliates of Fortress Credit Corp.
  • The facility will be funded by a $150 million commitment of debt financing with the potential to increase to $300 million over time.
  • The move will allow the company to offer eligible F45 franchisees access to growth capital to develop new F45 studios across the U.S.
  • Prospective F45 franchisees can apply for loan financing under the program beginning in Q2 2022.
  • “This facility will help streamline the process for our franchisees to source capital and accelerate new studio openings nationwide,” said Chairman and CEO Adam J. Gilchrist.
  • Price Action: FXLV shares traded lower by 1.53% at $6.42 on the last check Monday.
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