On April 21, 2017, Tivity Health, Inc. (“the Company”) entered into a Revolving Credit and Term Loan Agreement (the “Credit Agreement”) with a group of lenders for whom SunTrust Bank acts as administrative agent, which replaced the Company’s Fifth Amended and Restated Revolving Credit and Term Loan Agreement dated June 8, 2012 (as amended, the “Prior Credit Agreement”). The Credit Agreement provides the Company with (1) a $100 million revolving credit facility that includes a $25 million sublimit for swingline loans and a $75 million sublimit for letters of credit, (2) a $70 million term loan A facility, (3) a $150 million delayed draw term loan facility, and (4) an uncommitted incremental accordion facility of $100 million.

The Company used the proceeds of the term loan A and cash on hand to refinance existing indebtedness under the Company’s Prior Credit Agreement and to pay transaction costs and expenses. Proceeds of revolving loans and delayed draw term loans may be used to repay outstanding indebtedness (including amounts payable upon or in respect of any conversion of the Company’s $150.0 million aggregate principal amount of cash convertible senior notes due 2018, which bear interest at a rate of 1.50% per year, and the repayment of any revolving loans borrowed for such purposes), to finance working capital needs, to finance acquisitions, to finance the repurchase of the Company’s capital stock, to finance capital expenditures and for other general corporate purposes of the Company and its subsidiaries. Delayed draw term loans may not be borrowed after July 2, 2018.

The Company is required to repay outstanding revolving loans in full on April 21, 2022. The Company is required to repay the term loan A in quarterly principal installments aggregating (1) $875,000 each for the first twelve quarters following the closing, and (2) $1,312,500 each for the remaining quarters prior to maturity on April 21, 2022. The Company is required to repay the delayed draw term loans in quarterly principal installments calculated as follows: (1) for each of the first twelve quarters following the closing, 1.250% of the aggregate principal amount of the delayed draw term loans funded as of the last day of the immediately preceding quarter; and (2) for each of the remaining quarters prior to maturity on April 21, 2022, 1.875% of the aggregate principal amount of the delayed draw term loans funded as of the last day of the immediately preceding quarter. At maturity on April 21, 2022, the entire unpaid principal balances of the term loan A and the delayed draw term loans are due and payable.

Borrowings under the Credit Agreement generally bear interest at variable rates based on a margin or spread in excess of either (1) the one-month, two-month, three-month or six-month rate (or with the approval of affected lenders, the twelve-month rate) for Eurodollar deposits (“LIBOR”, which may not be less than zero), or (2) the greatest of (a) the SunTrust Bank prime lending rate, (b) the federal funds rate plus 0.50%, and (c) one-month LIBOR plus 1.00% (the “Base Rate”), as selected by the Company. The LIBOR margin varies between 1.50% and 2.75%, and the Base Rate margin varies between 0.50% and 1.75%, depending on the Company’s net leverage ratio. The Credit Agreement also provides for annual fees ranging between 0.20% and 0.50% of the unused commitments under the revolving credit facility and the delayed draw term loan facility. Extensions of credit under the Credit Agreement are secured by guarantees from all of the Company’s active material subsidiaries and by security interests in substantially all of the Company’s and such subsidiaries’ assets.

The Credit Agreement contains financial covenants that require the Company to maintain specified ratios or levels of (1) funded debt to EBITDA and (2) fixed charge coverage. The Credit Agreement contains various other affirmative and negative covenants that are typical for financings of this type. Among other things, the Credit Agreement limits repurchases of the Company’s common stock and the amount of dividends that the Company can pay to holders of its common stock.

On April 27, 2017, Tivity Health, Inc. issued a press release announcing earnings results for the first quarter ended March 31, 2017, the text of which is attached hereto as Exhibit 99.1. This information furnished to this Item 2.02 and Exhibit 99.1 shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and shall not be deemed to be incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act except as shall be expressly set forth by specific reference in such filing.

The information included in Item 1.01 of this Current Report on Form 8-K is incorporated into this Item 2.03 by reference.

Exhibit 99.1 Press Release dated April 27, 2017

About TIVITY HEALTH, INC. (NASDAQ:TVTY)

Tivity Health, Inc, formerly Healthways, Inc., provides network delivered solutions and population health management services that are designed to help people manage their wellbeing, thereby managing their health and productivity, and their health-related costs. The Company operates in the domestic and international segments, which are collectively known as the well-being improvement services segment. The Company engages entire populations, including health plan memberships, workforces and communities, while in other cases it engages targeted populations, such as members at high-risk, cohorts of cardiac rehabilitation patients or hospital discharge patients. In the United States, it operates in approximately 50 states and the District of Columbia. Its customers include health plans, both commercial and Medicare Advantage, large self-insured employers, including state and municipal government entities, and providers of healthcare, including integrated healthcare systems, and hospitals.

TIVITY HEALTH, INC. (NASDAQ:TVTY) Recent Trading Information

TIVITY HEALTH, INC. (NASDAQ:TVTY) closed its last trading session down -0.20 at 29.55 with 505,395 shares trading hands.