Lafayette Square USA, Inc.: debt financing — Lafayette Square issues $65M of 7.00% Senior Notes due 2030

Lafayette Square USA, Inc.

$65M aggregate principal, 7.00% fixed rate, semiannual interest, maturing August 19, 2030.
Issue price 99.46119% of par; net proceeds for general corporate purposes.
Notes are senior unsecured, guaranteed by subsidiary LS BDC Holdings LLC.
Interest rate steps up to 2% above stated rate if below-investment-grade rating and secured debt ratio exceed thresholds.
Covenants include minimum net worth, asset coverage ratio, and BDC status maintenance.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Lafayette Square USA, Inc. incurred senior notes of $65,000,000 in aggregate principal amount with qualified institutional investors at 7.00% per annum maturing August 19, 2030.

Instrument: senior notes
Principal: $65,000,000 in aggregate principal amount
Counterparty: qualified institutional investors
Rate: 7.00% per annum
Maturity: August 19, 2030
Event: incurrence

Exact text from the filing

On August 19, 2025, Lafayette Square USA, Inc. (the “Company”) entered into a Note Purchase Agreement (the “Note Purchase Agreement”) governing the issuance of $65,000,000 in aggregate principal amount of 7.00% Senior Notes (the “Notes”) to qualified institutional investors in a private placement.

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Source: SEC EDGAR

accession 0001104659-25-080344

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