Life Time Debt Upgraded by S&P Global
CHANHASSEN, Minn., May 2, 2023 /PRNewswire/ -- Life Time Group Holdings, Inc. ("Life Time" or the "Company") (NYSE: LTH) today announced that S&P Global Ratings ("S&P Global") has upgraded the Company's issuer credit rating to 'B' from 'B-'. As reasons for the upgrade, S&P Global cited improving performance, including membership, revenue and EBITDA trends, and steps the Company is taking to continue to improve its balance sheet and reduce leverage.
S&P Global also issued a debt upgrade notice for the Company on January 23, 2023:
About Life Time®
Life Time (NYSE: LTH) empowers people to live healthy, happy lives through its portfolio of more than 160 athletic country clubs across the United States and Canada. The company's healthy way of life communities and ecosystem address all aspects of healthy living, healthy aging and healthy entertainment for people 90 days to 90+ years old. Supported by a team of more than 30,000 dedicated professionals, Life Time is committed to providing the best programs and experiences through its clubs, iconic athletic events and comprehensive digital platform.
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SOURCE Life Time Group Holdings, Inc.
Released May 2, 2023