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Life Time Closes $150 Million Sale-Leaseback Transaction

BY MT Newswires | CORPORATE | 06/23/25 05:45 PM EDT

05:45 PM EDT, 06/23/2025 (MT Newswires) -- Life Time Group (LTH) said late Monday it closed a sale-leaseback transaction involving three properties, generating gross proceeds of about $150 million.

The company also said S&P Global Ratings upgraded its issuer credit rating to BB- from B+ ahead of the transaction, citing strong operating performance driven by growth in memberships, member engagement, and demand for in-center offerings.

Life Time said the upgrade, along with an existing BB- rating from Fitch, resulted in a 25 basis point improvement in its credit facility margin, effective June 19.

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In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

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