debt
confidence high
sentiment neutral
materiality 0.55
Life Time refinances $995M term loan, reduces interest rate margin by 0.25%
Life Time Group Holdings, Inc.
- Fifteenth Amendment refinances $995M term loan; interest rate margin cut to 2.00% (from 2.25%).
- Effective fixed rate after interest rate swaps is 5.409%; loans issued at par with no original issue discount.
- Maturity unchanged at November 5, 2031; proceeds used to repay existing term loans in full.
- Deutsche Bank AG New York Branch serves as administrative agent; multiple lenders participate.
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