Gym Group hosts analyst day at first 'small box' gym in Newark; agrees new credit facility on improved terms

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The Gym Group said it would host an analyst visit to its first 'small box' format site at its Newark gym.

The Newark gym opened on 11 November 2019 and plans were afoot to open 5 to 8 small box gyms during 2020, while continuing with the expansion of the company's standard-sized gyms at a rate of 15 to 20 new sites per year.

Gym group also announced that it had entered into a new four-year, £70m revolving credit facility provided by HSBC, Natwest and Banco de Sabadell.

The new facility replaced the company's existing £60m facilities on improved terms and would provide flexibility to execute the company's strategy.

At 8:20am: (LON:GYM) The Gym Group Plc share price was +2.75p at 268.25p