Life Time increases revolving credit facility to $475M and extends maturity to 2026

Life Time Group Holdings, Inc.

Revolver commitments increased to $475 million from prior level.
Maturity extended to December 2, 2026, subject to earlier dates if certain debt refinancing or thresholds not met.
Interest rate at LIBOR + 4.25% or base rate + 3.25%; margins step down to 4.00%/3.50% (LIBOR) and 3.00%/2.50% (base rate) upon leverage improvement.
Borrower must refinance or amend term loan facility by Sep 22, 2024, or maturity accelerates.
Conditions also require no more than $100M outstanding on senior secured notes by Oct 16, 2025 and on senior unsecured notes by Jan 14, 2026.

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