{"schema_version":"secwatch.filing_event.v1","accession":"0000057131-25-000054","form_type":"8-K","ticker":"LZB","cik":"0000057131","company_name":"LA-Z-BOY INC","filed_at":"2025-07-02T23:59:59+00:00","discovered_at":"2026-05-14T18:02:46.140815+00:00","generated_at":"2026-05-18T09:47:47.193525+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"positive","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"La-Z-Boy amends credit facility: maturity extended to 2030, covenants eased","bullets":["Extended credit facility maturity from October 2026 to July 2030.","Increased accordion basket for incremental loans from $100M to $125M.","Removed SOFR credit spread adjustment, reducing borrowing costs.","Lowered consolidated fixed charge coverage ratio covenant from 1.75:1 to 1.50:1.","Revolving credit facility remains $200M with $50M letter of credit sub-limit."],"urls":{"canonical":"https://secwatch.observer/filing/0000057131-25-000054","json":"https://secwatch.observer/filing/0000057131-25-000054.json","markdown":"https://secwatch.observer/filing/0000057131-25-000054.md","text":"https://secwatch.observer/filing/0000057131-25-000054.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/57131/000005713125000054/0000057131-25-000054-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/57131/000005713125000054/lzb-20250701.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-18T09:47:47.193525+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"4de20504201ca04f0e2f1f6d879fa0d2154a3d06","claim":"LA-Z-BOY INC amended credit facility of $200 million with Wells Fargo Bank, National Association maturing July 1, 2030.","evidence_excerpt":"and the other parties thereto (the “Credit Agreement”). The Credit Agreement provides for a revolving credit facility (the “Credit Facility”) in an aggregate principal amount of $200 million, which includes a $50 million letter of credit sub-limit. The foregoing description of the Credit Agreement Amendment does not purport to be complete and is qualified in its","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/57131/000005713125000054/0000057131-25-000054-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"credit facility"},{"label":"Principal","value":"$200 million"},{"label":"Counterparty","value":"Wells Fargo Bank, National Association"},{"label":"Maturity","value":"July 1, 2030"},{"label":"Event","value":"amendment"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}