Life Time Group refinances $310M term loan, cuts interest rate by 0.50%

Life Time Group Holdings, Inc.

New 2023 Term Loan Facility reduces interest rate by 0.50% to SOFR + 4.00% or base + 3.25%.
$310M term loan issued at par with no original issue discount; maturity unchanged at Jan 15, 2026.
Applicable margins increase to 4.25% / 3.50% if corporate family rating falls below B2/B.
Borrower is wholly owned subsidiary Life Time, Inc.; Deutsche Bank NY Branch acts as administrative agent.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.98

Life Time Group Holdings, Inc. amended Eleventh Amendment to Credit Agreement with Life Time, Inc. valued at Refinancing of $310 million term loan facility; interest rate reduced by 0.50% to SOFR + 4.00% or ba (effective 2023-12-06).

Action: amendment
Agreement: credit facility
Counterparty: Life Time, Inc.
Value: Refinancing of $310 million term loan facility; interest rate reduced by 0.50% to SOFR + 4.00% or ba
Effective: 2023-12-06

Exact text from the filing

On December 6, 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 Eleventh Amendment to Credit Agreement (the “ Amendment ”), which amended its existing credit agreement (as amended and restated, the “ Credit Agreement ”).

View on SEC.gov

281 material agreements filed in the last 30 days. Browse all material agreements →

Life Time Group Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001869198-23-000066

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.