Benefit Systems establishes a bond programme worth PLN 1 billion.
Benefit Systems has established a bond programme worth up to PLN 1 billion. The organisers of the issue will be Bank Polska Kasa Opieki S.A. and Santander Bank Polska S.A. The programme aims at diversifying the sources of financing the activities of the Benefit Systems Capital Group in accordance with the 2025–2027 development strategy adopted in 2024.
Work on the first bond offering addressed to qualified investors under the programme may begin in the first half of this year. Additional financing obtained by Benefit Systems will be allocated to the organic development of the fitness club network and acquisitions in the markets where the Benefit Systems Group operates.
– In November, we announced a strategy under which we want to accelerate the development of the fitness club network in all markets where we operate The economic situation in the fitness industry is favourable for us, and the good sales results of sports cards last year confirm our belief that our strategy is right and will build value for stakeholders. We assume that within three years we will increase the number of our own clubs by approximately 300 locations, which involves significant investment expenses – says Marcin Fojudzki, Management Board Member at Benefit Systems, and adds: – Our intention is also to maintain the dividend policy, which is why we decide to increase the availability of financing.
Pursuant to the programme agreement between Benefit Systems, Bank Polska Kasa Opieki and Santander Bank Polska, the bonds may be issued for an indefinite period.
Comment by Małgorzata Kloka, Financial Director responsible for the bond programme: “The Benefit Systems Group has a very good financial position. We ended last year with net cash on the balance sheet. In the face of the planned increase in investment expenditure in the coming years, we want to diversify our financing sources, hence the decision to potentially issue bonds, in addition to existing loan agreements. We hope that this approach will also allow us to optimise financing costs. We also want to have flexibility when it comes to the availability of different options, which is provided by the bond programme.”
Current report on the establishment of the bond programme: https://corp.benefitsystems.pl/en/for-investors/reports/
Benefit Systems has been operating on the Polish market for over two decades and is one of the leaders in providing non-financial benefits that support employee wellbeing. The company is the creator of the MultiSport Programme, which enables physical activity in sports facilities throughout the country. Its portfolio also includes the MyBenefit cafeteria platform and the MultiLife wellbeing programme. For several years now, the company’s sports offer has been developed on foreign markets, including the Czech Republic, Slovakia, Bulgaria, Croatia, and Turkey. The Benefit Systems Group also operates fitness clubs (in Poland it is responsible for Zdrofit, Fabryka Formy, FitFabric, Fitness Academy, Organic Fitness, My Fitness Place networks; in other markets it manages over 70 facilities). An important area of Benefit Systems activities is the promotion of an active lifestyle at every stage of life, which is why the company implements initiatives supporting physical activity of children, adults, and seniors, also as part of the MultiSport Foundation. Since 2018, Benefit Systems has been part of the global B Corp initiative, bringing together companies operating and engaging in solving the most important social problems. More information can be found at benefitsystems.pl/en.
