secwatch.observer — SEC 8-K summary
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Issuer:     Clear Secure, Inc. (YOU)
CIK:        0001856314
Form:       8-K
Filed at:   2026-06-23T21:00:25+00:00
Accession:  0000950142-26-001859
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1856314/000095014226001859/0000950142-26-001859-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1856314/000095014226001859/eh260797127_8k.htm
  HTML page:      https://secwatch.observer/filing/0000950142-26-001859

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