---
schema_version: "secwatch.filing_event.v1"
accession: "0001759509-23-000123"
form_type: "8-K"
ticker: "LYFT"
cik: "0001759509"
company_name: "Lyft, Inc."
filed_at: "2023-12-14T23:59:59+00:00"
generated_at: "2026-06-07T12:56:23.057456+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Lyft Amends Revolving Credit Agreement to Permit Refinancing of Convertible Notes and Extend Liquidity Covenant

## Summary
- Amendment allows Lyft to repurchase up to $450M of its 2025 convertible senior notes.
- Liquidity covenant extended to fiscal quarter ending June 30, 2024, with minimum $1.5B liquidity.
- Total leverage ratio stepdown from 3.50x to 3.00x delayed to fiscal quarter ending March 31, 2025.
- Lyft permitted to refinance junior debt including 2025 convertible notes with new convertible or subordinated debt.
- Amendment entered with JPMorgan Chase, Royal Bank of Canada, Bank of America, and other lenders.

## SEC filing metadata
- accession: 0001759509-23-000123
- form_type: 8-K
- ticker: LYFT
- cik: 0001759509
- company_name: Lyft, Inc.
- filed_at: 2023-12-14T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1759509/000175950923000123/0001759509-23-000123-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1759509/000175950923000123/lyft-20231212.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001759509-23-000123
- JSON: https://secwatch.observer/filing/0001759509-23-000123.json
- Plain text: https://secwatch.observer/filing/0001759509-23-000123.txt

## Key facts
- Material Agreements
  Lyft, Inc. amended Amendment No. 1 to Revolving Credit Agreement with JPMorgan Chase Bank, N.A., as administrative agent, and certain lenders (effective 2023-12-12).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: JPMorgan Chase Bank, N.A., as administrative agent, and certain lenders
  - Effective: 2023-12-12
  source text: On December 12, 2023 (the “Effective Date”), Lyft, Inc. (the “Company”) entered into Amendment No. 1 to Revolving Credit Agreement (the “Amendment”), with the other loan parties party thereto, JPMorgan Chase Bank, N.A., as administrative agent (the “Agent”), and certain lenders party thereto
  evidence_url: https://www.sec.gov/Archives/edgar/data/1759509/000175950923000123/0001759509-23-000123-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.