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PureGym said Pinnacle Bidco plc finalised terms for €1.05 billion of 6.500% senior secured notes due 2032 and £500 million of 8.00% notes due 2032. The company also agreed a larger £216 million super senior revolving credit facility as part of the refinancing.
The specialist dermatology and oncology company said it achieved first revenues from skin+CELL direct-to-consumer sales and completed a strategic acquisition of Swiss skincare brand énielle. It also said it raised gross proceeds of £355,000 through unsecured convertible loan notes.
United Kingdom: Risks for Sterling – ING