Life Time Group Holdings, Inc. (LTH) Form 8-K — Aug 13, 2026
Life Time Group Holdings' subsidiary Life Time, Inc. entered into the Sixteenth Amendment to its credit agreement on August 12, 2026, refinancing its $985 million term loan facility in full. Deutsche Bank AG New York Branch acts as administrative agent, with ten banks including Deutsche Bank Securities, BofA Securities, Morgan Stanley, and Goldman Sachs as arrangers. The amendment cuts the interest rate margin by 0.25% to 1.75% over SOFR, and with interest rate swaps hedging the variable payments, the effective fixed interest rate on the facility is now 5.159%.
Key figures
- Debt Amount
- 985050000
- Interest Rate
- 5.159
- Maturity Date
- November 5, 2031
- Soft call
- 1.00% prepayment premium on repricing transactions within six months of the Amendment No. 16 Effective Date
- Amortization
- 0.25% of principal per quarter
- Secured notes
- $500,000,000 6.000% senior secured notes due 2031
- Effective rate note
- 5.159% effective fixed rate after margin reduction, reflecting interest rate swaps hedging the facility
- Rate margin reduction
- 0.25% (new SOFR margin 1.75%; base rate margin 0.75%)
- Original issue discount
- None — loans issued at par
- Administrative agent commitment db
- $275,139,229.98
Price after filing
Close on the filing date to close N calendar days later (from $44.31). Historical, not a forecast.
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