---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-25-080344"
form_type: "8-K"
ticker: null
cik: "0001849089"
company_name: "Lafayette Square USA, Inc."
filed_at: "2025-08-19T23:59:59+00:00"
generated_at: "2026-05-17T11:31:53.188750+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Lafayette Square issues $65M of 7.00% Senior Notes due 2030

## Summary
- $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.

## SEC filing metadata
- accession: 0001104659-25-080344
- form_type: 8-K
- cik: 0001849089
- company_name: Lafayette Square USA, Inc.
- filed_at: 2025-08-19T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1849089/000110465925080344/0001104659-25-080344-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1849089/000110465925080344/tm2523835d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-080344
- JSON: https://secwatch.observer/filing/0001104659-25-080344.json
- Plain text: https://secwatch.observer/filing/0001104659-25-080344.txt

## Key facts
- Debt Financings
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1849089/000110465925080344/0001104659-25-080344-index.htm

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