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Life Time Fitness to repay some revolver debt with stock proceeds
By Sara Rosenberg
New York, Aug. 23 - Life Time Fitness Inc. plans on repaying a portion of the borrowings under its revolving credit facility using proceeds from the sale of 1.5 million shares of common stock, according to an S-3ASR filed with the Securities and Exchange Commission Thursday.
Life Time Fitness is an Eden Prairie, Minn.-based operator of health and fitness centers.
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