Madrid, Spain - Addleshaw Goddard the international law firm has advised the Spanish chain of wellness sports clubs Go Fit, owned by Mutua Madrileña and Torreal, on the refinancing of its debt facility with the debt fund ICG and CaixaBank.

The financing has been structured through a long-term loan (TLB), a capex line for growth and a revolving credit line which will allow the group to continue its international growth and consolidate the chain as the leader in sports centres in Spain.

The team advising on this transaction has been led by Félix Hernández, partner in the finance and banking area, with the collaboration of the senior associate José Berjón, and the associates Fernando Raga and Joana Falcó.

With a history of more than 15 years, Go Fit has consolidated itself as a leader in the sports center sector in Spain and Portugal and expects to open its first centers in Italy in the coming months.

Félix Hernández partner at Addleshaw Goddard in Banking and Finance Partner commenting on the agreement of the debt facility said:

"We are pleased to have supported our client Go Fit to have this new debt facility with ICG and CaixaBank which will help the business growth with selective acquisitions."