secwatch.observer — SEC 8-K summary
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Issuer:     Life Time Group Holdings, Inc. (LTH)
CIK:        0001869198
Form:       8-K
Filed at:   2023-05-12T23:59:59+00:00
Accession:  0001869198-23-000041
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 refinances term loan to $310M, extends maturity to Jan 2026
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- Term loan increased from $274M to $310M via Tenth Amendment to Credit Agreement dated May 9, 2023.
- New 2023 Term Loan Facility matures January 15, 2026; interest at SOFR + 4.75% (or base + 3.75%).
- Applicable margins can step down to 4.50%/3.50% upon achieving B2/B corporate family ratings from Moody's/S&P.
- Facilities converted from LIBOR to SOFR; loans issued with 0.50% original issue discount.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1869198/000186919823000041/0001869198-23-000041-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1869198/000186919823000041/lth-20230509.htm
  HTML page:      https://secwatch.observer/filing/0001869198-23-000041

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