NewSpring Mezzanine Provides Subordinated Debt and Equity to TruFit Athletic Clubs
November 3, 2023
NewSpring Mezzanine, the private credit strategy of NewSpring, has made a subordinated debt and equity investment in TruFit Athletic Clubs to support the gym chain’s ongoing expansion. TruFit operates 36 low-cost, membership-based clubs across Texas (about 224,000 members) and plans to open four new clubs in the greater Nashville area as it scales.
- Buyers
- NewSpring Mezzanine (NewSpring)
- Targets
- TruFit Athletic Clubs
- Industry
- Healthcare Services
- Location
- Texas, United States
- Transaction Type
- Growth capital
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