Lyft (LYFT) has released an update.
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Lyft, Inc. has announced an amendment to their Revolving Credit Agreement, which now includes changes such as the adoption of total net leverage in their financial covenant test and the ability to repurchase company stock using proceeds from a convertible note offering. Additionally, the company aims to privately offer $400 million in convertible senior notes due in 2029. These announcements contain forward-looking statements which are based on current expectations and are subject to risks, uncertainties, and changes in circumstances.
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