#United States #Chanhassen #stock offering #Life Time #NYSE LTH

Life Time Group Holdings Announces Pricing for 20 Million Share Offering

On June 5, 2025, Life Time Group Holdings, Inc. (NYSE: LTH) disclosed the pricing details of its previously announced secondary offering, which involves the sale of 20 million shares of common stock. This underwritten offering is expected to generate gross proceeds totaling $590 million, taking into account the deductions of any underwriting discounts or commissions. The proceeds from this transaction will be directed solely to the selling stockholders involved, with Life Time not benefitting from any of the financial returns from this sale.

The timeline for the offering indicates that it will likely reach completion by June 6, 2025, pending the satisfaction of standard closing conditions, which typically cover legal and regulatory considerations necessary for finalizing securities transactions. To facilitate this offering, J.P. Morgan and BofA Securities have been appointed as the underwriters. These firms will manage the distribution of the shares to the public over varying periods, pricing them at a fixed rate.

Key Insights into the Offering

It's important for potential investors to note that the offering employs an automatic shelf registration statement on Form S-3. This statement had been filed with the Securities and Exchange Commission (SEC) on August 12, 2024, and it became effective immediately upon submission. Investors looking to participate in this offering are advised to read the prospectus included in the registration statement thoroughly, as well as any supplementary documents that are part of it. Those interested in accessing these documents can find them for free on the SEC's official website (http://www.sec.gov). Additional support and access to the prospectus can be requested through J.P. Morgan or BofA Securities by contacting them directly via email or traditional means.

This offering is strategic for the selling stockholders, namely affiliates of Leonard Green & Partners, L.P., positioned to benefit significantly from the anticipated influx of capital generated through this transaction. However, the strategic objectives behind Life Time’s leadership appear to focus elsewhere as they do not anticipate receiving capital from this offering directly.

About Life Time Group Holdings

Life Time Group Holdings stands as a leader in the health and wellness sector, managing a broad array of more than 180 athletic country clubs across North America. The company caters to a diverse demographic, promoting healthy lifestyles among individuals aged from 90 days to over 90 years. They also provide comprehensive digital engagement through the Life Time app and host nearly 30 renowned athletic events annually across the nation, further establishing their position within the community.

Their brand ethos underscores a commitment to promoting not just physical fitness but overall wellness, encapsulating a holistic approach to health through varied programs, information dissemination, and trusted nutritional products. Life Time's recent certification as a Great Place to Work® reaffirms their dedication to creating an environment that values and nurtures its employees, currently numbering over 43,000. This cultural commitment is expected to resonate with the broader community as they navigate future growth opportunities.

With these strong foundations and developments, Life Time continues to position itself as a progressive entity within the health and wellness landscape, poised to leverage market movements as evidenced by this latest offering.