-+ 0.00%
-+ 0.00%
-+ 0.00%

Life Time Shareholders Leonard Green, TPG to Sell 20M Shares in Public Offering

Benzinga·06/05/2025 10:33:37
Listen to the news

Life Time Group Holdings, Inc. (NYSE:LTH) ("Life Time" or the "Company") announced today that certain affiliates of Leonard Green & Partners, L.P. and TPG Inc. (the "Selling Stockholders") intend to offer and sell 20,000,000 shares of the Company's common stock in an underwritten public offering pursuant to Life Time's shelf registration statement filed with the Securities and Exchange Commission (the "SEC"). The Selling Stockholders will receive all of the proceeds from the proposed offering. The Company will not receive any of the proceeds from the sale of shares of the Company's common stock by the Selling Stockholders. Following the consummation of the offering, the Company's voting group, which includes the Selling Stockholders, will hold approximately 43.1% of the Company's common stock.