EQT-backed Fitness Passport targets AUD500m loan - Private Equity Wire

EQT-backed Fitness Passport targets AUD500m loan - Private Equity Wire

EQT-owned Fitness Passport is seeking to raise AUD500mn (circa $322m) through a syndicated term loan, as the private equity sponsor pursues a dividend recapitalisation and refinancing strategy, according to a report by Bloomberg citing sources familiar with the transaction. The six-year facility is being underwritten by a syndicate of lenders including BNP Paribas, Mitsubishi UFJ Financial Group, and Standard Chartered, the sources said, request…