CENTENNIAL (S&P Global Ratings) Dec. 18, 2019--S&P Global Ratings said today that Fitness International LLC's proposed secured credit facility amendments have no impact on the 'BB-' issue-level and '2' recovery rating on that debt. The proposed amendments will include upsizing the revolving credit facility to $400 million and extending the maturity to 2025 and increasing the term loan A commitment to $950 million and extending the maturity to 2025. The term loan B would not be amended. We expect the $400 million revolver to be $131 million drawn upon funding. The company will use the net proceeds (including drawing $131 million under the proposed upsized revolver and incremental term loan A proceeds) to pay down $214 million of the existing
