We advised the borrower on the facility

Davis Polk advised Xponential Fitness, as borrower, in connection with a $37 million incremental senior secured term loan facility provided by affiliates of MSD Partners and Redwood Capital Management. The proceeds of the facility were used to finance the repurchase of certain outstanding term loans under the company’s existing financing agreement.

Xponential Fitness is a leading brand curator in the boutique fitness industry, operating some of the nation’s largest Pilates, cycle, stretch, dance and rowing fitness studios. Xponential’s brands include Club Pilates, Row House, AKT, Pure Barre and Rumble.

The Davis Polk finance team included partner David Hahn and associates Esam Ibrahim, Pablo Solórzano, Ahmad Raja and Zach Wells. Associate Harrison Perry provided 1940 Act advice. Partner Alan F. Denenberg and counsel Jason Bassetti provided corporate advice. Members of the Davis Polk team are based in the New York and Northern California offices.