Life Time Group closes 13.8M share equity offering at $21.75; proceeds for debt paydown

Life Time Group Holdings, Inc.

Company sold 6M primary shares; selling stockholders sold 7.8M shares (incl. 1.8M over-allotment) at $21.75/share.
Net proceeds from primary shares ~$130.5M for general corporate purposes, including debt repayment.
Offering closed Aug 14, 2024; underwriters Morgan Stanley & Co. and BofA Securities.
Company received no proceeds from secondary shares sold by selling stockholders.

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