Basic-Fit successfully extends and increases bank facilities

industry news fitness

Basic-Fit has secured €150 million in new facilities with ING Bank. With these additional facilities Basic-Fit had around €390 million in available liquidity at the end of June. Combined with the more capital-efficient strategy as announced in March, Basic-Fit will be able to comfortably meet any redemption request of convertible bond holders in June 2026 whilst maintaining ample financial liquidity.

Basic-Fit now has a total of €800 million in syndicated bank facilities and €330 million in bilateral bank facilities from ABN AMRO Bank, ING Bank and Rabobank. Most of the syndicated bank facilities have been extended by one year and will now mature in June 2029 (€730 million). A limited portion will mature in June 2028 (€70 million). The bilateral facilities will mature in June 2027. 

With the additional facilities Basic-Fit will have more financial headroom whilst continuing to reduce its financial leverage to below 2.0 times adjusted EBITDA in 2026.

Source: Basic-Fit
Picture: Basic-Fit

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