La-Z-Boy amends $200 million credit facility, extends maturity to July 1, 2030
La-Z-Boy entered a Second Amendment to its Credit Agreement on July 1, 2025, extending the revolving credit facility's maturity from October 15, 2026 to July 1, 2030. The amendment also raises the accordion basket for incremental loans from $100 million to $125 million and loosens the fixed charge coverage covenant from 1.75 to 1.00 to 1.50 to 1.00.
Key points
- Maturity extended from October 15, 2026 to July 1, 2030
- Revolving credit facility totals $200 million, including a $50 million letter of credit sub-limit
- Accordion basket for additional incremental loans raised from $100 million to $125 million, subject to conditions
- Fixed charge coverage ratio requirement lowered from 1.75 to 1.00 to 1.50 to 1.00; Wells Fargo is administrative agent
The filing
Written by AI on Nov 8, 2026, 6:58 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 02, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.