---
schema_version: "secwatch.filing_event.v1"
accession: "0000057131-21-000127"
form_type: "8-K"
ticker: "LZB"
cik: "0000057131"
company_name: "LA-Z-BOY INC"
filed_at: "2021-10-15T23:59:59+00:00"
generated_at: "2026-06-28T20:40:16.151420+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000057131-21-000127
- form_type: 8-K
- ticker: LZB
- cik: 0000057131
- company_name: LA-Z-BOY INC
- filed_at: 2021-10-15T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 1.01, 1.02, 2.03, 3.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/57131/000005713121000127/0000057131-21-000127-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/57131/000005713121000127/lzb-20211015.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000057131-21-000127
- JSON: https://secwatch.observer/filing/0000057131-21-000127.json
- Plain text: https://secwatch.observer/filing/0000057131-21-000127.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.