secwatch.observer — SEC 8-K summary
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Issuer:     Life Time Group Holdings, Inc. (LTH)
CIK:        0001869198
Form:       8-K
Filed at:   2024-09-23T23:59:59+00:00
Accession:  0001869198-24-000038
Event type: debt
Sentiment:  positive
Materiality: 0.65
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Life Time amends credit facility: boosts revolver to $650M, cuts rates, repays $200M term loan
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- Revolving credit commitments increased to $650 million; maturity extended to Sept 20, 2029, subject to earlier maturity if notes remain outstanding.
- Interest rate reduced to SOFR + 2.50% or base rate + 1.50%; undrawn commitment fee cut from 50 bps to 25 bps.
- Applicable margin can drop further 25 bps upon achieving leverage targets or investment-grade ratings.
- Repaid remaining $200M term loan balance on Sept 20, 2024, eliminating all term loan borrowings.
- Amendment involves Life Time, Inc. subsidiaries and Deutsche Bank as administrative agent.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1869198/000186919824000038/0001869198-24-000038-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1869198/000186919824000038/lth-20240920.htm
  HTML page:      https://secwatch.observer/filing/0001869198-24-000038

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer