LEGALZOOM.COM, INC. (LZ): debt financing — LegalZoom reduces revolver to $100M, extends maturity to 2030, improves pricing

LEGALZOOM.COM, INC.

Revolver commitments cut to $100M from $150M; maturity extended from July 2026 to July 2030.
Interest rate margin reduced by additional 0.25% for leverage <1.00x; commitment fee also lowered by 0.05%.
At amendment, no borrowings outstanding; company remains in full compliance with all financial covenants.
Amendment removes the 0.10% credit spread adjustment to Term SOFR benchmark.
Refinancing lenders include JPMorgan, Bank of America, Citibank, and PNC.

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

LEGALZOOM.COM, INC. amended revolving credit of $150.0 million to $100.0 million with JPMorgan Chase Bank, N.A. at Term SOFR plus a margin ranging from 2.00% to 1.25% maturing July 2, 2026 to July 14, 2030.

Instrument: revolving credit
Principal: $150.0 million to $100.0 million
Counterparty: JPMorgan Chase Bank, N.A.
Rate: Term SOFR plus a margin ranging from 2.00% to 1.25%
Maturity: July 2, 2026 to July 14, 2030
Event: amendment

Exact text from the filing

the guarantors party thereto, the lenders party thereto and JPMorgan Chase Bank, N.A., as administrative agent. The Amendment decreases the revolving loan commitments from $150.0 million to $100.0 million. The ability to use up to $20.0 million for letters of credit as well as borrowings on same-day notice, referred to as swingline loans, in an amount of up to

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Source: SEC EDGAR

accession 0001628280-25-035220

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