Life Time Group Holdings Closes $45M Sale-Leaseback Transaction; Announces Issuer Credit Rating Upgrade To 'B2' From 'B3' By Moody's Investor Service
Portfolio Pulse from Benzinga Newsdesk
Life Time Group Holdings (LTH) has had its issuer credit rating upgraded to 'B2' from 'B3' by Moody's Investor Service, citing improving performance and balance sheet improvements. The company also closed a sale-leaseback transaction for $45 million, completing all of the $123 million of previously announced sale-leaseback transactions through August 24, 2023.
August 24, 2023 | 10:49 am
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POSITIVE IMPACT
Life Time Group Holdings' credit rating upgrade and successful sale-leaseback transaction could boost investor confidence and potentially positively impact the stock price in the short term.
The credit rating upgrade by Moody's indicates improved financial health and reduced risk, which is likely to attract investors. The successful completion of the sale-leaseback transaction also indicates effective asset management, which could further boost investor confidence.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100