secwatch.observer — SEC 8-K summary
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Issuer:     Life Time Group Holdings, Inc. (LTH)
CIK:        0001869198
Form:       8-K
Filed at:   2021-12-06T23:59:59+00:00
Accession:  0001869198-21-000008
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1869198/000186919821000008/0001869198-21-000008-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1869198/000186919821000008/lth-20211202.htm
  HTML page:      https://secwatch.observer/filing/0001869198-21-000008

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