secwatch.observer — SEC 8-K summary
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Issuer:     Life Time Group Holdings, Inc. (LTH)
CIK:        0001869198
Form:       8-K
Filed at:   2023-12-06T23:59:59+00:00
Accession:  0001869198-23-000066
Event type: debt
Sentiment:  positive
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1869198/000186919823000066/0001869198-23-000066-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1869198/000186919823000066/lth-20231206.htm
  HTML page:      https://secwatch.observer/filing/0001869198-23-000066

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