LegalZoom.com, Inc. has amended its existing credit agreement, reducing its revolving loan commitments from $150 million to $100 million, while retaining the ability to use up to $20 million for letters of credit and up to $10 million for swingline loans. The amendment, effective July 14, 2025, extends the maturity date from July 2, 2026, to July 14, 2030, and eliminates the 0.10% credit spread adjustment to the Term SOFR benchmark. Additionally, the amendment introduces further interest rate margin reductions contingent upon achieving specified leverage ratios. The company remains in compliance with all financial covenants, with no amounts currently outstanding under the facility.
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