GoodLife Fitness Closes $125M in Debt Financing

Canadian gym operator GoodLife Fitness Centres Inc. has raised $125 million in debt financing. Penfund, a provider of junior capital to middle-market companies, led the round, which included participation from Macquarie Bank, Manulife Capital, GRI Investments Inc., The Canadian Medical Protective Association and the Teachers' Retirement Allowances Fund Board. The money is aimed at helping GoodLife financing growth, and re-finance its existing debt.

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