LegalZoom obtains $171 million finance package to support operations

By Wendy Van Sickle

Columbus, Ohio, May 19 – LegalZoom.com has obtained a $171 million one-stop financing facility, according to a news release.

Fifth Street Management LLC was the lead arranger and administrative agent on the deal.

The financing facility consists of a first lien term loan and a revolving credit facility, and terms include the ability to access an additional $75 million over the $171 million to fund future acquisitions, according to the release issued by Fifth Street. The facility includes investments from Fifth Street Finance Corp. and Fifth Street Senior Floating Rate Corp.

Glendale, Calif.-based LegalZoom is a provider of online legal solutions for families and small businesses.

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