GoodLife arranges C$100 million credit facility; Infrastructure India increases loan

By Devika Patel

Knoxville, Tenn., Feb. 21 – Thursday saw some activity for the private placement markets, with one deal announced and another revised.

Toronto-based GoodLife Fitness Centres Inc., a fitness chain, arranged a C$100 million second-lien credit facility with Penfund.

The proceeds of this financing, along with the proceeds of a C$310 million first-lien term loan and revolving credit facility from a syndicate of banks, will be used to refinance existing debt.

Isle of Man-based investment company Infrastructure India plc increased its unsecured bridging loan facility with Cedar Valley Financial by $3.2 million to $56.6 million from $53.4 million. Once the company draws down the additional $3.2 million, the facility will be fully drawn.

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