We advised the initial purchaser in connection with the Rule144A / Regulation S offering

Davis Polk advised the initial purchaser in connection with a Rule144A / Regulation S offering by Life Time, Inc. of $925 million aggregate principal amount of 5.750% senior secured notes due 2026. The notes are guaranteed by Life Time’s holding company and certain of its subsidiaries.

Life Time is a leading provider of health and wellness member experiences that designs, builds and operates premium athletic resorts offering a wide range of amenities for fitness, wellness, family recreation and healthy living. It currently operates 149 centers in predominantly upscale suburban locations in 29 states and one Canadian province.

The Davis Polk capital markets team included partner Michael Kaplan and associates Hillary A. Coleman and Jordyn Giannone. Counsel Susan D. Kennedy and associate Paulina Gordon provided real estate advice. Partner Mario J. Verdolini and associate Dov Sussman provided tax advice. All members of the Davis Polk team are based in the New York office.