La-Z-Boy enters $200M unsecured credit facility, replaces prior agreement, matures Oct 2026

LA-Z-BOY INC

New $200M revolving credit facility with $50M letter of credit sub-limit; unused at signing.
Maturity October 15, 2026; option to extend by two one-year periods; accordion up to $100M additional.
Interest based on LIBOR plus margin tied to consolidated net lease adjusted leverage ratio.
Financial covenants: leverage ratio not above 3.50x (3.75x after material acquisitions) and fixed charge coverage ratio at least 1.75x.
Existing Second Amended and Restated Credit Agreement terminated concurrently.

item 1.01 item 1.02 item 2.03 item 3.03 item 9.01

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.