secwatch.observer — SEC 8-K summary
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Issuer:     LEGALZOOM.COM, INC. (LZ)
CIK:        0001286139
Form:       8-K
Filed at:   2025-07-17T23:59:59+00:00
Accession:  0001628280-25-035220
Event type: debt
Sentiment:  positive
Materiality: 0.65
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

LegalZoom reduces revolver to $100M, extends maturity to 2030, improves pricing
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1286139/000162828025035220/0001628280-25-035220-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1286139/000162828025035220/lz-20250714.htm
  HTML page:      https://secwatch.observer/filing/0001628280-25-035220

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