Entry into a Material Definitive Agreement · Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement
Item 1.01. Entry into a Material Definitive Agreement. On August 12, 2026, Life Time, Inc. (the “Borrower”) and certain of its wholly-owned subsidiaries, each of which is a wholly-owned subsidiary of Life Time Group Holdings, Inc., entered into that certain Sixteenth Amendment to Credit Agreement (the “Amendment”), which amended the existing credit agreement (as amended and restated, the “Credit Agreement”).…
Filed Aug 13, 2026Accepted Aug 13, 2026, 4:16 PM EDTCIK 1869198Accession 0001869198-26-000045
Life Time (NYSE: LTH) empowers people to live healthy, happy lives through its more than 195 athletic country clubs across the U.S. and Canada, the complementary and comprehensive Life Time app featuring its L•AI•C™ AI-powered health companion, and more than 25 iconic athletic events. Serving people ages 90 days to 90+ years, the Life Time ecosystem uniquely delivers healthy living, healthy aging, and healthy entertainment experiences, a range of unique healthy way of life programs, highly trusted LTH nutritional supplements and more. Recognized as a Great Place to Work®, the Company is committed to upholding an exceptional culture for its over 46,000 team members.
Select an item to read the extracted section. The as-filed document remains the primary evidence.
Item 1.01Item 1.01 - Entry into Material Agreement
Item 1.01. Entry into a Material Definitive Agreement.
On August 12, 2026, Life Time, Inc. (the “Borrower”) and certain of its wholly-owned subsidiaries, each of which is a wholly-owned subsidiary of Life Time Group Holdings, Inc., entered into that certain Sixteenth Amendment to Credit Agreement (the “Amendment”), which amended the existing credit agreement (as amended and restated, the “Credit Agreement”). The Amendment provides for a refinancing of the $985 million term loan facility (the “2026 Term Loan Facility”) to reduce the interest rate margin by 0.25% to 1.75%. With this reduction and as a result of the interest rate swaps that are hedging the variable interest payments on the 2026 Term Loan Facility, the effective fixed interest rate associated with the 2026 Term Loan Facility borrowings is now 5.159%. Loans under the 2026 Term Loan Facility were issued at par with no original issue discount. The 2026 Term Loan Facility continues to mature on November 5, 2031.
The foregoing description of the Amendment does not purport to be complete and is qualified in its entirety by reference to the Amendment, a copy of which is attached as Exhibit 10.1 to this Current Report on Form 8-K and incorporated into this Item 1.01 by reference.
Item 2.03Item 2.03 - Creation of Direct Financial Obligation
Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.
The information set forth in Item 1.01 above is incorporated by reference into this Item 2.03.