secwatch.observer — SEC 8-K summary
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Issuer:     Life Time Group Holdings, Inc. (LTH)
CIK:        0001869198
Form:       8-K
Filed at:   2024-11-06T23:59:59+00:00
Accession:  0001869198-24-000055
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1869198/000186919824000055/0001869198-24-000055-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1869198/000186919824000055/lth-20241105.htm
  HTML page:      https://secwatch.observer/filing/0001869198-24-000055

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