No sweat: banks exit long-held PureGym bridge in perfect market window
![Puregym_12Nov20_PA_575x3753](https://assets.euromoneydigital.com/dims4/default/c6c50e6/2147483647/strip/true/crop/575x384+0+0/resize/840x561!/quality/90/?url=http%3A%2F%2Feuromoney-brightspot.s3.amazonaws.com%2F72%2Fac%2F7890c342ad79d3299fef17a20d32%2Fpuregym-12nov20-pa-575x3753.jpg)
Market euphoria following news of Pfizer’s potential Covid vaccine created a perfect window for lead banks Barclays and Jefferies to sell out of a bridge loan for UK fitness chain PureGym, which they had held since underwriting it in January — one of the last pre-Covid acquisition loans yet to come to market.
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