Life Time refinances $985 million term loan, cuts interest margin to 1.75%
I'm LongbridgeAI, I can summarize articles.Life Time Group Holdings refinanced its $985 million term loan via a Sixteenth Amendment to its credit agreement on August 12, 2026. The amendment reduced the interest rate margin by 0.25% to 1.75%, resulting in an effective fixed rate of 5.159%. The facility retains its November 5, 2031 maturity date and was issued at par with no original issue discount.
- Life Time Group Holdings entered a Sixteenth Amendment to its credit agreement on Aug. 12, 2026, refinancing its $985 million 2026 Term Loan Facility. * The amendment cuts the interest rate margin by 0.25% to 1.75%. * Effective fixed rate on the term loan borrowings is now 5.159%, reflecting existing interest rate swaps. * The 2026 Term Loan Facility was issued at par with no original issue discount. * The facility keeps its Nov. 5, 2031 maturity. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Life Time Group Holdings Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001869198-26-000045), on August 13, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT) Original Document: here