Benefit Systems issues bonds worth PLN 1 billion and completes the programme announced in January in one series.
Benefit Systems successfully completed its bond offering, issuing debt securities worth PLN 1 billion in one series, thus closing the programme announced in January. The company’s offer was very popular, which confirms the market’s confidence in the company and its strategy. The bond issue was organised by Bank Pekao and Santander Bank Polska.
Comment by Marcin Fojudzki, Management Board Member at Benefit Systems: After several years of absence on the bond market, we successfully issued debt securities worth PLN 1 billion. We would like to thank the investors for their trust. It is an important motivation for us to continue working as well as confirmation that the adopted strategy and plans related to its implementation enjoy great support from the market. The obtained funds will allow us to implement the strategy announced at the end of 2024, which includes expanding our fitness clubs network by over 300 facilities within three years, more than half of which will be operating on foreign markets.
Benefit Systems announced its bond issue programme worth up to PLN 1 billion addressed to qualified investors at the end of January this year. – The initial value of the issue of the first series of bonds was set at PLN 500 million, with the possibility of increasing this amount. Due to the very high demand, we decided to increase the value of the issue to PLN 1 billion, thus closing the entire programme with one series of debt securities – adds Marcin Fojudzki.
The issue was organised by Bank Pekao and Santander Bank Polska, and the transaction was legally supervised by the Baker McKenzie Krzyżowski i Wspólnicy law firm. The interest rate on the bonds is WIBOR 6M + 190bp, and the five-year bonds will mature in March 2030. With the margin finally determined, the demand for the company’s bonds exceeded PLN 1.6 billion.
Comment by Małgorzata Kloka, Financial Director responsible for the bond issue programme: We diversify financing sources so that they support the company’s development plans in an optimal and cost-effective manner. We are pleased with the great interest of investors, which was reflected in both a significant oversubscription of the offer and an attractive margin.
Current report on the establishment of a bond issue programme: https://corp.benefitsystems.pl/en/for-investors/reports/.
Jolanta Jędrysek
Agnieszka Bemowska-Niewiarowska
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.
