Business Context and Reporting Period
Company: Life Time Group Holdings, Inc.
Filing Type: Form 8-K (Current Report)
Date of Report: August 12, 2026
Event: Entry into a Material Definitive Agreement regarding debt refinancing.
Key Financial Metrics
This filing does not report revenue, profit, cash flow, or liquidity metrics. It focuses exclusively on a specific debt instrument modification.
| Metric | Value |
|---|---|
| Term Loan Facility Size | $985 million |
| Interest Rate Margin Reduction | 0.25% (reduced to 1.75%) |
| Effective Fixed Interest Rate | 5.159% (post-swap) |
| Maturity Date | November 5, 2031 |
| Issuance Terms | Issued at par with no original issue discount |
Material Changes
On August 12, 2026, the company entered into the Sixteenth Amendment to its Credit Agreement. The primary material change is the refinancing of the $985 million 2026 Term Loan Facility, which resulted in a 0.25% reduction in the interest rate margin. This adjustment, combined with existing interest rate swaps, lowered the effective fixed interest rate on the borrowings to 5.159%.
Outlook, Risks, and Management Commentary
The filing contains no forward-looking guidance, management commentary on future operations, or discussion of new risks beyond the standard incorporation of the amendment text. The maturity date of the facility remains unchanged at November 5, 2031.
Investor Verification Checklist
- Verify the full text of the Sixteenth Amendment to the Credit Agreement (Exhibit 10.1) for any covenants or conditions not summarized in the 8-K.
- Confirm the impact of the 0.25% margin reduction on the company's projected interest expense for the remainder of 2026 and future periods.
- Review the terms of the interest rate swaps referenced to ensure the 5.159% effective rate remains stable under current market conditions.
- Check subsequent filings for any changes to the $985 million principal balance or maturity date.