NEWINGTON, N.H., June 22, 2016 /PRNewswire/ -- Planet
Fitness, Inc. (NYSE: PLNT) ("Planet Fitness" or the "Company")
today announced the pricing of its previously announced
underwritten secondary public offering of 10,000,000 shares of the
Company's Class A common stock by certain of its existing
stockholders at a price of $16.50 per
share. The Company did not sell any shares and will not receive any
of the proceeds from the sale of shares of its Class A common stock
by the selling stockholders. In connection with the offering,
certain of the selling stockholders have granted the underwriters a
30-day option to purchase up to 1,500,000 additional shares of the
Company's Class A common stock at the public offering price, less
underwriting discounts and commissions.
The closing for the offering is expected to occur on
June 28, 2016, subject to the
satisfaction of customary closing conditions.
J.P. Morgan, BofA Merrill Lynch, Jefferies and Guggenheim
Securities are acting as active book-running managers of the
proposed offering.
The proposed offering will be made only by means of a
prospectus. A copy of the final prospectus related to the offering
may be obtained, when available, from: J.P. Morgan Securities LLC,
c/o Broadridge Financial Solutions, 1155 Long Island Avenue,
Edgewood, NY 11717, or by calling
toll-free at (866) 803-9204; or BofA Merrill Lynch, 222 Broadway,
New York, New York 10038,
Attention: Prospectus Department or by emailing
dg.prospectus_requests@baml.com; or Jefferies LLC, Attention:
Equity Syndicate Prospectus Department, 520 Madison Avenue, 2nd
Floor, New York, NY 10022, by
emailing Prospectus_Department@Jefferies.com, or by calling (877)
547-6340.
A registration statement on Form S-1 relating to the proposed
offering was declared effective by the Securities and Exchange
Commission on June 22, 2016.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of
these securities in any state or jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or
jurisdiction.
About Planet Fitness
Founded in 1992 in Dover, N.H.,
Planet Fitness is one of the largest and fastest-growing
franchisors and operators of fitness centers in the United States by number of members and
locations. As of March 31, 2016,
Planet Fitness had more than 8.3 million members and 1,171 stores
in 47 states, the District of
Columbia, Puerto Rico,
Canada and the Dominican Republic. The Company's mission is
to enhance people's lives by providing a high-quality fitness
experience in a welcoming, non-intimidating environment, which we
call the Judgement Free Zone®.
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SOURCE Planet Fitness, Inc.