Life Time Group Holdings Files 8-K for Regulation FD Disclosure
Ticker: LTH · Form: 8-K · Filed: Oct 22, 2024 · CIK: 1869198
| Field | Detail |
|---|---|
| Company | Life Time Group Holdings, INC. (LTH) |
| Form Type | 8-K |
| Filed Date | Oct 22, 2024 |
| Risk Level | low |
| Pages | 3 |
| Reading Time | 4 min |
| Key Dollar Amounts | $0.01, $500 million, $400 million, $1,000 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: disclosure, regulation-fd
Related Tickers: LTG
TL;DR
LTG filed an 8-K for Reg FD. No juicy details yet, but stay tuned.
AI Summary
On October 22, 2024, Life Time Group Holdings, Inc. filed an 8-K report. The filing indicates that the company is providing information under Item 7.01, which pertains to Regulation FD Disclosure. No specific financial figures or new material events were detailed in the provided excerpt.
Why It Matters
This filing signals that Life Time Group Holdings is making a public disclosure, potentially containing information relevant to investors, though the specific details are not in this excerpt.
Risk Assessment
Risk Level: low — The filing is a standard disclosure under Regulation FD and does not appear to contain any negative or significant new information on its own.
Key Players & Entities
- Life Time Group Holdings, Inc. (company) — Registrant
- October 22, 2024 (date) — Date of report
- Regulation FD (regulation) — Disclosure type
FAQ
What is the primary purpose of this 8-K filing by Life Time Group Holdings, Inc.?
The primary purpose of this 8-K filing is to disclose information under Item 7.01, specifically related to Regulation FD Disclosure.
What does Regulation FD stand for and what is its general purpose?
Regulation FD stands for Regulation Fair Disclosure, and its purpose is to prevent selective disclosure of material nonpublic information by public companies.
Does this filing provide specific financial details or material new events?
Based on the provided excerpt, this filing does not detail specific financial figures or new material events; it is primarily for Regulation FD disclosure.
On what date was this 8-K report filed?
This 8-K report was filed on October 22, 2024.
What is the principal executive office address for Life Time Group Holdings, Inc.?
The address of the Principal Executive Offices for Life Time Group Holdings, Inc. is 2902 Corporate Place, Chanhassen, Minnesota 55317.
Filing Stats: 1,013 words · 4 min read · ~3 pages · Grade level 13.4 · Accepted 2024-10-22 17:21:41
Key Financial Figures
- $0.01 — ich Registered Common stock, par value $0.01 per share LTH The New York Stock Exchan
- $500 million — ed private offering (the "Offering") of $500 million in aggregate principal amount of 6.000%
- $400 million — "Notes"). The Offering was upsized from $400 million to $500 million in aggregate principal
- $1,000 million — 031 in an aggregate principal amount of $1,000 million (the "New Term Loan Facility" and, toge
Filing Documents
- lth-20241022.htm (8-K) — 27KB
- 0001869198-24-000046.txt ( ) — 147KB
- lth-20241022.xsd (EX-101.SCH) — 2KB
- lth-20241022_lab.xml (EX-101.LAB) — 21KB
- lth-20241022_pre.xml (EX-101.PRE) — 12KB
- lth-20241022_htm.xml (XML) — 3KB
01. Other Events
Item 8.01. Other Events. Notes Offering On October 22, 2024, Life Time, Inc. (the "Issuer"), the indirect subsidiary of Life Time Group Holdings, Inc. (the "Company"), priced its previously announced private offering (the "Offering") of $500 million in aggregate principal amount of 6.000% senior secured notes due 2031 (the "Notes"). The Offering was upsized from $400 million to $500 million in aggregate principal amount. The Notes will pay interest on a semi-annual basis. The Offering is expected to close on November 5, 2024, subject to customary closing conditions. Concurrently with the closing of the Offering, the Issuer intends to amend its existing credit agreement to incur new term loans maturing in 2031 in an aggregate principal amount of $1,000 million (the "New Term Loan Facility" and, together with the Offering, the "Refinancing") and amend certain other provisions of its existing credit agreement. Borrowings under the New Term Loan Facility will bear interest at a rate per annum of the Secured Overnight Financing Rate plus an applicable margin of 2.50% (subject to a certain ratings-based step-down). The Issuer intends to use the net proceeds from the Refinancing and cash from its balance sheet to fund the satisfaction and discharge of the Issuer's 5.750% Senior Secured Notes due 2026 and 8.000% Senior Notes due 2026, as well as pay related fees and expenses. The additional proceeds from the increased aggregate principal amount of the Notes will be used to repay a corresponding amount of loans drawn under the Issuer's revolving credit facility. The Notes will be guaranteed on a senior secured basis by LTF Intermediate Holdings, Inc., the direct parent of the Issuer, and each of the Issuer's existing and future wholly owned domestic restricted subsidiaries that guarantees its New Term Loan Facility, subject to certain exceptions. The Notes and the related guarantees thereof will be offered in a private offering exempt from the registration requirements
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Life Time Group Holdings, Inc. Date: October 22, 2024 By: /s/ Erik Weaver Erik Weaver Executive Vice President & Chief Financial Officer 3