other material
confidence high
sentiment positive
materiality 0.65
LegalZoom closes IPO, enters $150M credit facility with JPMorgan, amends charter/bylaws
LEGALZOOM.COM, INC.
- New $150M revolving credit facility with JPMorgan Chase, maturing in 5 years.
- Interest at LIBOR+2.00% or base rate+1.00%; commitment fee 0.35% initially.
- Financial covenant: total net first lien leverage ratio 4.50x, tested only if drawn >35%.
- Amended and restated certificate of incorporation and bylaws effective upon IPO closing.
- Facility may be increased subject to lender consent and leverage conditions.