---
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"
generated_at: "2026-05-18T09:47:47.193525+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# La-Z-Boy amends credit facility: maturity extended to 2030, covenants eased

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000057131-25-000054
- JSON: https://secwatch.observer/filing/0000057131-25-000054.json
- Plain text: https://secwatch.observer/filing/0000057131-25-000054.txt

## Key facts
- Debt Financings
  LA-Z-BOY INC amended credit facility of $200 million with Wells Fargo Bank, National Association maturing July 1, 2030.
  - Instrument: credit facility
  - Principal: $200 million
  - Counterparty: Wells Fargo Bank, National Association
  - Maturity: July 1, 2030
  - Event: amendment
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/57131/000005713125000054/0000057131-25-000054-index.htm

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