Clear Secure subsidiary amends credit facility: commitments cut to $50M, maturity extended to 2031

Clear Secure, Inc.

Lender commitments reduced from $100M to $50M; JPMorgan becomes sole lender after assignments from Goldman Sachs and Wells Fargo.
Maturity extended from June 28, 2026 to June 23, 2031; letter of credit sublimit increased from $35M to $50M.
Applicable margin reduced: term SOFR from 2.50% to 1.50%, base rate from 1.50% to 0.50%.
Unused commitment fee reduced from 0.35% to 0.25% per annum; amendment fee of $125,000 paid to lenders.

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