Life Time Group issues $500M 6% senior secured notes due 2031 and $1B term loan

Life Time Group Holdings, Inc.

Issued $500M aggregate principal of 6.000% Senior Secured Notes due November 15, 2031, with semi-annual interest payments starting May 15, 2025.
Entered $1B New Term Loan Facility maturing in 2031 under Amended Credit Agreement, bearing SOFR plus 2.50% margin (ratings-based step-down).
Notes are guaranteed by LTF Intermediate Holdings and certain domestic restricted subsidiaries; covenants include limitations on debt, liens, dividends, and investments.
Issuer may redeem notes prior to Nov 15, 2027 at make-whole premium or up to 10% annually at 103%; after that at redemption prices in the indenture.
Offering was private, exempt from SEC registration, to QIBs and non-U.S. persons under Rule 144A/Regulation S.

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