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Lithium Ionic Corp. press release

Life Time Closes on $150 Million Sale-Leaseback Transaction; Credit Rating Upgraded by S&P

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PR Newswire

[](https://mma.prnewswire.com/media/2331325/Life_Time_Icon_Logo.html)

CHANHASSEN, Minn. , June 23, 2025 /PRNewswire/ -- Life Time Group Holdings, Inc. (NYSE: LTH) ("Life Time" or "the Company") today announced that it has closed on its sale-leaseback transaction of three properties for approximately $150 million in gross proceeds. Terms were similar to previous transactions. Additional details were not disclosed.

Additionally, on June 18, 2025 , prior to the completion of the sale-leaseback transaction, S&P Global Ratings ("S&P") upgraded the Company's issuer credit rating to 'BB-' from 'B+'. As reasons for the upgrade, S&P cited the Company's strong operating performance – a result of growth in memberships, dues, member engagement, and demand for in-center offerings – and reduced leverage and financial sponsor ownership.

Due to this ratings upgrade and the existing 'BB-' issuer rating from Fitch Ratings, Life Time's credit facility margin improved by 25 basis points effective June 19, 2025 . In combination with the interest rate swap agreement executed April 8, 2025 , the effective interest rate of the Company's term loan facility is now 5.659%.

Erik Weaver , Executive Vice President and Chief Financial Officer, stated: "We're pleased to have completed this sale-leaseback transaction and expect to execute a minimum of $100 million in additional sale-leasebacks over the remainder of 2025. Combined with our reduced cost of debt, this transaction further enhances our ability to advance a robust club pipeline while maintaining our focus on capital efficiency and financial health."

About Life Time Life Time (NYSE: LTH) empowers people to live healthy, happy lives through its portfolio of more than 180 athletic country clubs across the United States and Canada , the complimentary, comprehensive Life Time app and nearly 30 of the most iconic athletic events in the country. The health and wellness pioneer uniquely serves people 90 days to 90+ years old through its healthy living, healthy aging, healthy entertainment communities and ecosystem, along with a range of healthy way of life programs and information, and highly trusted LTH nutritional supplements and products. Life Time was recently certified as a Great Place to Work®, reinforcing its commitment to fostering an exceptional workplace culture on behalf of its more than 43,000 dedicated team members.

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SOURCE Life Time Group Holdings, Inc.

Earlier from Lithium Ionic Corp.