news.lifetime.life\/2023-01-23-Life-Time-Debt-Upgraded-by-S-P-Global<\/a><\/p>\nLife Time Group Holdings, Inc. (“Life Time” or the “Company”) (NYSE: LTH) also announces that it has completed the refinancing of its $274 million Term Loan B facility. In addition to extending the maturity to January 15, 2026, the Company increased the facility to $310 million as a result of strong demand.<\/p>\n
In connection with this refinancing, the Company’s term loan facility converted from LIBOR to SOFR. The new Term Loan B rate is SOFR plus a credit spread adjustment plus the same 4.75% spread, with a 0.5% SOFR floor and priced at 99.5. The incremental net proceeds will be used by the Company to repay in full the outstanding balance on the Company’s $475 million revolver and for general corporate purposes.<\/p>\n","protected":false},"excerpt":{"rendered":"
CHANHASSEN, MN<\/strong> – Life Time Group Holdings, Inc. (“Life Time” or the “Company”) (NYSE: LTH) announces that S&P Global Ratings (“S&P Global”) has upgraded the Company’s issuer credit rating to ‘B’ from ‘B-‘. As reasons for the upgrade, S&P Global cited improving performance, including membership, revenue and EBITDA trends and steps the Company is taking to continue to improve its balance sheet and reduce leverage.<\/p>\n","protected":false},"author":1,"featured_media":102,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[15],"_links":{"self":[{"href":"http:\/\/www.clubinsideronline.com\/news\/wp-json\/wp\/v2\/posts\/9132"}],"collection":[{"href":"http:\/\/www.clubinsideronline.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.clubinsideronline.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.clubinsideronline.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.clubinsideronline.com\/news\/wp-json\/wp\/v2\/comments?post=9132"}],"version-history":[{"count":1,"href":"http:\/\/www.clubinsideronline.com\/news\/wp-json\/wp\/v2\/posts\/9132\/revisions"}],"predecessor-version":[{"id":9133,"href":"http:\/\/www.clubinsideronline.com\/news\/wp-json\/wp\/v2\/posts\/9132\/revisions\/9133"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/www.clubinsideronline.com\/news\/wp-json\/wp\/v2\/media\/102"}],"wp:attachment":[{"href":"http:\/\/www.clubinsideronline.com\/news\/wp-json\/wp\/v2\/media?parent=9132"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.clubinsideronline.com\/news\/wp-json\/wp\/v2\/categories?post=9132"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.clubinsideronline.com\/news\/wp-json\/wp\/v2\/tags?post=9132"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
![\"Life](\"http:\/\/www.clubinsideronline.com\/news\/wp-content\/uploads\/Life-Time-300x90.png\")
Life Time – The Healthy Way Of Life Company<\/p>\n