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.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.