Life Time prices $500M 6% senior secured notes; plans $1B term loan to refinance 2026 maturities

Life Time Group Holdings, Inc.

Priced $500M aggregate principal 6.000% senior secured notes due 2031, upsized from $400M.
Concurrently intends to incur $1B new term loans maturing 2031 at SOFR+2.50% margin (ratings-based step-down).
Proceeds will refinance existing 5.750% senior secured notes due 2026 and 8.000% senior notes due 2026, plus revolving borrowings.
Offering expected to close November 5, 2024, subject to customary conditions.

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