secwatch.observer — SEC 8-K summary
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Issuer:     LEGALZOOM.COM, INC. (LZ)
CIK:        0001286139
Form:       8-K
Filed at:   2021-07-02T23:59:59+00:00
Accession:  0001193125-21-207613
Event type: other_material
Sentiment:  positive
Materiality: 0.65
Item codes: 1.01, 2.03, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

LegalZoom closes IPO, enters $150M credit facility with JPMorgan, amends charter/bylaws
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1286139/000119312521207613/0001193125-21-207613-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1286139/000119312521207613/d65054d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-21-207613

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