Life Time Announces Pricing of Secondary Offering of 20,000,000 Shares of Common Stock

Core Viewpoint - Life Time Group Holdings, Inc. announced a secondary offering of 20,000,000 shares of its common stock, generating total gross proceeds of $590,000,000 before underwriting discounts and commissions [1][2]. Group 1: Offering Details - The offering is expected to close on June 6, 2025, pending customary closing conditions [2]. - The selling stockholders will receive all proceeds from the offering, while the Company will not receive any proceeds from the sale [2]. - J.P. Morgan and BofA Securities are the underwriters for the offering, which will be made available to the public at a fixed price [3]. Group 2: Company Overview - Life Time operates over 180 athletic country clubs across the U.S. and Canada, offering a range of health and wellness services [6]. - The Company serves a diverse demographic, from individuals aged 90 days to over 90 years, through various healthy living and aging programs [6]. - Life Time has been recognized as a Great Place to Work®, highlighting its commitment to workplace culture for its 43,000 team members [6].