Life Time Group Holdings, Inc. and certain of its existing shareholders (Selling Shareholders) intend to offer 12 million shares of the Company’s common stock (ticker symbol “LTH”) in an underwritten public offering pursuant to the registration statement filed by Life Time with the U.S. Securities and Exchange Commission.

The Company intends to offer six million shares and the selling shareholders plan to offer six million shares in this offering.

The underwriters of the offering have a 30-day option to purchase up to 1.8 million additional shares of common stock from the selling stockholders. The offering is subject to market and other conditions, and there are no assurances as to whether or when The offer is completed or the actual size or terms of the offer.

Life Time intends to use the net proceeds from the offering for general corporate purposes, which may include repayment of indebtedness. The Company will not receive any portion of the proceeds from the sale of common stock by the selling stockholders.

Morgan Stanley and BofA Securities are acting as lead active book-running managers. And Deutsche Bank Securities and Wells Fargo Securities are acting as active book-running managers for the proposed offering. Evercore ISI and Guggenheim Securities are also acting as book-running managers for the proposed offering.

Image courtesy of Life Time Group Holdings, Inc.