{"schema_version":"secwatch.filing_event.v1","accession":"0001759509-24-000040","form_type":"8-K","ticker":"LYFT","cik":"0001759509","company_name":"Lyft, Inc.","filed_at":"2024-02-28T23:59:59+00:00","discovered_at":"2026-05-14T18:03:25.425236+00:00","generated_at":"2026-06-05T09:10:12.091292+00:00","sec_items":["1.01","2.03","3.02","8.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Lyft prices $460M of 0.625% convertible notes due 2029; to repurchase 2025 notes and buy back $50M stock","bullets":["$400M base notes + $60M overallotment; 0.625% coupon, convertible at $21.08/share (47.4366 shares/$1,000).","Net proceeds of ~$448.2M; ~$350M used to retire ~$356.8M of 1.5% convertible notes due 2025.","~$50M used to buy back 3.14M shares of common stock at $15.91/share; capped call transactions set cap at $31.82.","Capped call transactions reduce potential dilution upon conversion; option counterparties may hedge by buying shares."],"urls":{"canonical":"https://secwatch.observer/filing/0001759509-24-000040","json":"https://secwatch.observer/filing/0001759509-24-000040.json","markdown":"https://secwatch.observer/filing/0001759509-24-000040.md","text":"https://secwatch.observer/filing/0001759509-24-000040.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1759509/000175950924000040/0001759509-24-000040-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1759509/000175950924000040/lyft-20240222.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-05T09:10:12.091292+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"2f7473858bc2970fc26b98de82e9b29751235afa","claim":"Lyft, Inc. incurred convertible notes of $400 million aggregate principal amount of its 0.625% Convertible Senior Notes due 2029 (the \"Base Notes\") with BofA Securities, Inc., Goldman Sachs & Co. LLC and J.P. Morgan Securities LLC at 0.625% per year maturing March 1, 2029.","evidence_excerpt":"On February 22, 2024, Lyft, Inc. (the “Company”) entered into a purchase agreement (the “Purchase Agreement”) with BofA Securities, Inc., Goldman Sachs & Co. LLC and J.P. Morgan Securities LLC, as representatives of the several initial purchasers (the “Initial Purchasers”), to issue and sell $400 million aggregate principal amount of its 0.625% Convertible Senior Notes due 2029 (the “Base Notes”).","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1759509/000175950924000040/0001759509-24-000040-index.htm","confidence":0.95,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"convertible notes"},{"label":"Principal","value":"$400 million aggregate principal amount of its 0.625% Convertible Senior Notes due 2029 (the \"Base Notes\")"},{"label":"Counterparty","value":"BofA Securities, Inc., Goldman Sachs & Co. LLC and J.P. Morgan Securities LLC"},{"label":"Rate","value":"0.625% per year"},{"label":"Maturity","value":"March 1, 2029"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"b5ab50abb48424aac296b463c27de774fb9d3300","claim":"Lyft, Inc. incurred convertible notes of an additional $60 million aggregate principal amount of such notes on the same terms and conditions, solely to cover ove with BofA Securities, Inc., Goldman Sachs & Co. LLC and J.P. Morgan Securities LLC at 0.625% per year maturing March 1, 2029.","evidence_excerpt":"of its 0.625% Convertible Senior Notes due 2029 (the “Base Notes”). In addition, the Company granted the Initial Purchasers a 13-day option to purchase up to an additional $60 million aggregate principal amount of such notes on the same terms and conditions, solely to cover over-allotments (the “Additional Notes” and together with the Base Notes, the “Notes”).","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1759509/000175950924000040/0001759509-24-000040-index.htm","confidence":0.95,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"convertible notes"},{"label":"Principal","value":"an additional $60 million aggregate principal amount of such notes on the same terms and conditions, solely to cover ove"},{"label":"Counterparty","value":"BofA Securities, Inc., Goldman Sachs & Co. LLC and J.P. Morgan Securities LLC"},{"label":"Rate","value":"0.625% per year"},{"label":"Maturity","value":"March 1, 2029"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"50da4183fc7ae11a2c90787cbdf38eac60cf36b3","claim":"Lyft, Inc. entered into Purchase Agreement with BofA Securities, Inc., Goldman Sachs & Co. LLC and J.P. Morgan Securities LLC, as representatives of the several initial purchasers valued at $400 million aggregate principal amount (effective 2024-02-22).","evidence_excerpt":"On February 22, 2024, Lyft, Inc. (the “Company”) entered into a purchase agreement (the “Purchase Agreement”) with BofA Securities, Inc., Goldman Sachs & Co. LLC and J.P. Morgan Securities LLC, as representatives of the several initial purchasers (the “Initial Purchasers”), to issue and sell $400 million aggregate principal amount of its 0.625% Convertible Senior Notes due 2029 (the “Base Notes”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1759509/000175950924000040/0001759509-24-000040-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"notes offering"},{"label":"Counterparty","value":"BofA Securities, Inc., Goldman Sachs & Co. LLC and J.P. Morgan Securities LLC, as representatives of the several initial purchasers"},{"label":"Value","value":"$400 million aggregate principal amount"},{"label":"Effective","value":"2024-02-22"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}