Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
Life Time Group Holdings, Inc. amended credit facility of $310 million at SOFR plus an applicable credit adjustment spread plus 4.75% or base rate plus 3. maturing January 15, 2026.
- Instrument
- credit facility
- Principal
- $310 million
- Rate
- SOFR plus an applicable credit adjustment spread plus 4.75% or base rate plus 3.
- Maturity
- January 15, 2026
- Event
- amendment
Exact text from the filing
and restated, the “ Credit Agreement ”). Among other things, the Amendment provides for (i) a refinancing of the term loan facility from the existing $274 million facility to a $310 million facility (the “ 2023 Term Loan Facility ”), (ii) a maturity of the 2023 Term Loan Facility of January 15, 2026 and (iii) conversion of the facilities under the Credit Agreement
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.95
Life Time Group Holdings, Inc. entered into Tenth Amendment to Credit Agreement with Life Time, Inc. valued at Increases term loan facility from $274 million to $310 million; interest at SOFR plus 4.75% or base (effective 2023-05-09).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- Life Time, Inc.
- Value
- Increases term loan facility from $274 million to $310 million; interest at SOFR plus 4.75% or base
- Effective
- 2023-05-09
Exact text from the filing
On May 9, 2023, Life Time, Inc. (the “ Borrower ”) and certain of its wholly owned subsidiaries, each of which is a wholly owned subsidiary of Life Time Group Holdings, Inc. (the “ Company ”), entered into that certain Tenth Amendment to Credit Agreement (the “ Amendment ”), which amended its existing credit agreement
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