secwatch.observer — SEC 8-K summary
======================================

Issuer:     Lafayette Square USA, Inc. (—)
CIK:        0001849089
Form:       8-K
Filed at:   2025-08-19T23:59:59+00:00
Accession:  0001104659-25-080344
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- $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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1849089/000110465925080344/0001104659-25-080344-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1849089/000110465925080344/tm2523835d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-080344

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer