Penfund leads $40 mln financing of GoodLife Fitness

Toronto's Penfund, a provider of junior capital to mid-market companies, led a C$40 million financing of London, Ontario-based GoodLife Fitness Centers Inc., topping up the C$125 million subordinated secured credit facility provided to the company in 2011. Participating investors included Macquarie Bank Limited, Manulife Capital, GRI Investments, Canadian Medical Protective Association and Teachers’ Retirement Allowances Fund Board. The new transaction comes on the heels of GoodLife's recent acquisition of Extreme Fitness Inc.

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