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low financeVERIFIED

Crunch Fitness Seeks to Borrow $800 Million From ABS Bond Sale

Verified: 2 outlets in 2 countries have reported this story since Nov 11.

🕐 1h ago·2 outlets

Crunch Fitness is looking to raise about $800 million from a bond sale backed by the company’s franchise revenue, adding to a string of companies tapping the whole-business securitization market in recent weeks.

How sure are we

✓ Verified · 2 outlets

Two or more outlets reported this story and its reliability score reached 65%, so WorldPulse marks it verified. That means more than one outlet says so, not that it is proven true.

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Who reported it

The story so far · 2 reports · · 2 countries✓ Verified Nov 11, 8:36 PM UTC
  1. Nov 11, 8:06 PM UTCFirst report· you’re reading this
    Crunch Fitness Seeks to Borrow $800 Million From ABS Bond Salebloomberg.com ↗
  2. Nov 11, 8:36 PM UTC+30 min
    Crunch Fitness seeks $800 million from franchise-backed bonds - Bloomberginvesting.com ↗
  3. Verified: a second independent outlet reported itNov 11, 8:36 PM UTC · +30 min
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Reliability
94%

Very high · How we score this

Risk Score
low risk