Life Time Closes on $45 Million Sale-Leaseback Transaction
Life Time Group Holdings (NYSE: LTH) announced the closure of a $45 million sale-leaseback transaction on April 20, 2023, with an institutional investor.
Sentiment and the balance of points
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Rhea-AI Summary
Life Time Group Holdings (NYSE: LTH) announced the closure of a $45 million sale-leaseback transaction on April 20, 2023, with an institutional investor. This marks the first of three planned transactions totaling approximately $123 million. Previously, Life Time closed another transaction for $33 million on March 1, 2023, and a third transaction expected by September 30, 2023 is projected to yield another $45 million. The company is on track to finalize $300 million in sale-leaseback transactions within 2023, which will support growth opportunities and strengthen its balance sheet.
Positive
- Closed $45 million sale-leaseback transaction.
- Total expected sale-leaseback transactions of approximately $123 million.
- On track to complete $300 million in sale-leaseback transactions in 2023.
Negative
- None.
Details
News Market Reaction – LTH
The recorded move for LTH in the trading session of this news was +5.58%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Company Has Closed on
CHANHASSEN, Minn.,
As previously announced, the Company signed letters of intent for the sale-leaseback of three properties in transactions totaling approximately
The Company is well positioned and remains on track to complete
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
Forward-Looking Statements
Certain statements contained in this press release constitute forward-looking statements, including with respect to the expected closing of the third sale-leaseback transaction (including the pricing and timing thereof) as well as Life Time's expectations, guidance or future operating results, and other statements identified by words such as "estimates," "expects," "projects," "plans," "intends," "outlook" and similar expressions. Management has based these forward-looking statements on its current expectations, assumptions, estimates and projections. While they believe these expectations, assumptions, estimates and projections are reasonable, such forward-looking statements are only predictions and involve known and unknown risks and uncertainties, many of which are beyond management's control.
These statements involve risks and uncertainties that may cause Life Time's actual results, performance or achievements to differ materially from any future results, performance or achievements expressed or implied by these forward-looking statements, including with respect to the ability to satisfy closing conditions and close the proposed sale-leaseback on a timely basis or at all, the possibility that modifications to the pricing and terms of the transaction may be required, business disruption and other risk factors relating to the business or industry as detailed from time to time in the Company's reports filed with the
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