Life Time Group Holdings, Inc. — Form 8-K
Filed August 13, 2026 · analyzed by the 8-K Agent
8-K
— Neutral
significance 28/100
What the filing says
On August 12, 2026, Life Time completed its sixteenth amendment to its credit agreement, refinancing $985.05M in existing term loans maturing in 2025 into new 2026 Refinancing Term Loans with identical terms except improved pricing (Applicable Rate reduced from 2.00% to 1.75% for SOFR loans, 1.00% to 0.75% for Base Rate loans) and a one-year maturity extension. Deutsche Bank AG New York Branch committed $275.1M as sole new lender; existing lenders had option to convert or be repaid. Administrative agent: Deutsche Bank; arrangers: DB Securities, BofA, Morgan Stanley, Wells Fargo, U.S. Bank, Mizuho, RBC, Goldman Sachs, Huntington, BNP Paribas.
Why this rating
Routine refinancing at slightly better pricing; no business change. $985M debt is 26% of $3.8B market cap—material but standard for mature leveraged borrower. Extension maintains capital structure.
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