Core Viewpoint - The transaction completed by Supremex Inc. unlocks significant value for shareholders and enhances the company's financial flexibility to execute its business strategy and return value to shareholders [1][3]. Group 1: Transaction Details - Supremex completed a sale-leaseback transaction for its two owned properties, generating gross proceeds of $53.0 million, subject to post-closing adjustments [1][2]. - The properties sold are located in LaSalle, Quebec, and Etobicoke, Ontario, which house the company's primary envelope sales and manufacturing facilities [2]. - Supremex entered into lease agreements for an initial term of 10 years with three five-year renewal options at fair market rent [2]. Group 2: Financial Impact - The transaction significantly strengthens Supremex's balance sheet and provides greater financial flexibility, which, combined with strong free cash flow generation, will support the company's strategic objectives and profitable growth [3]. Group 3: Company Overview - Supremex is a leading North American manufacturer and marketer of envelopes and a growing provider of paper-based packaging solutions, operating ten manufacturing facilities in Canada and five in the United States, employing approximately 900 people [4].

Core Insights - Life Time Group Holdings, Inc. has completed a sale-leaseback transaction of three properties for approximately $150 million in gross proceeds, with terms similar to previous transactions [1] - S&P Global Ratings upgraded the Company's issuer credit rating to 'BB-' from 'B+' due to strong operating performance, growth in memberships, and reduced leverage [2] - Following the ratings upgrade, Life Time's credit facility margin improved by 25 basis points, resulting in an effective interest rate of 5.659% for the Company's term loan facility [3] Financial Strategy - The Company plans to execute a minimum of $100 million in additional sale-leasebacks over the remainder of 2025, enhancing its ability to advance a robust club pipeline while focusing on capital efficiency and financial health [4] - The recent sale-leaseback transaction and reduced cost of debt are expected to support the Company's financial strategy [4] Company Overview - Life Time operates more than 180 athletic country clubs across the United States and Canada, offering a comprehensive health and wellness ecosystem [4] - The Company serves a diverse demographic, promoting healthy living and aging through various programs and trusted nutritional products [4] - Life Time has been certified as a Great Place to Work®, highlighting its commitment to workplace culture for its over 43,000 team members [4]