---
schema_version: "secwatch.filing_event.v1"
accession: "0001759509-24-000033"
form_type: "8-K"
ticker: "LYFT"
cik: "0001759509"
company_name: "Lyft, Inc."
filed_at: "2024-02-21T23:59:59+00:00"
generated_at: "2026-06-05T22:12:38.299420+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Lyft announces $400M convertible note offering due 2029; amends credit facility

## Summary
- Offering $400M (plus $60M overallotment) in convertible senior notes due 2029 to QIBs.
- Net proceeds used to repurchase up to $400M of existing 2025 notes, buy back ~$50M in stock, and fund capped call transactions.
- Capped call transactions expected to reduce potential dilution upon conversion of notes.
- Credit agreement amended to change leverage test to total net leverage and allow stock repurchases with note proceeds.

## SEC filing metadata
- accession: 0001759509-24-000033
- form_type: 8-K
- ticker: LYFT
- cik: 0001759509
- company_name: Lyft, Inc.
- filed_at: 2024-02-21T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1759509/000175950924000033/0001759509-24-000033-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1759509/000175950924000033/lyft-20240221.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001759509-24-000033
- JSON: https://secwatch.observer/filing/0001759509-24-000033.json
- Plain text: https://secwatch.observer/filing/0001759509-24-000033.txt

## Key facts
- Material Agreements
  Lyft, Inc. amended Amendment No. 2 to Revolving Credit Agreement with JPMorgan Chase Bank, N.A., as administrative agent, and certain lenders party thereto (effective 2024-02-21).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: JPMorgan Chase Bank, N.A., as administrative agent, and certain lenders party thereto
  - Effective: 2024-02-21
  source text: On February 21, 2024 (the “Effective Date”), Lyft, Inc. (the “Company”) entered into Amendment No. 2 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/1759509/000175950924000033/0001759509-24-000033-index.htm

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