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Goodmans Deals & Cases

This section contains brief summaries of selected significant cases and transactions.  You'll also find representative lists  - by year - of major transactions and cases where Goodmans' involvement is a matter of public record or where inclusion in the list has been authorized by our clients.

Penfund Partners, Inc. provides $100 million second lien credit facility to Goodlife Fitness Centres Inc.

2018

Areas Banking and Finance Law

Summary

Goodmans represented Penfund in connection with a $100 million second lien credit facility to Goodlife Fitness Centres Inc.

GoodLife is the largest fitness club operator in Canada, operating more than 400 clubs under the banners of GoodLife Fitness, Fit4Less, and Éconofitness. GoodLife is also the fourth largest operator of fitness clubs in the world.

This matter was a large 2nd lien financing by a leading provider of junior debt capital based in Canada. Penfund has a long relationship with GoodLife and has provided over $430 million of junior debt to GoodLife over many years. Goodmans has represented Penfund on a number of those financings.