FIGS enters $100M secured revolving credit facility with Bank of America, matures 2026

FIGS, Inc.

Revolving credit facility of $100M for working capital and general corporate purposes; matures Sept 7, 2026.
Interest at Eurodollar Rate + 1.125% or Base Rate + 0.125%; commitment fee on unused portion.
Replaces prior $75M JPMorgan facility; $3.2M in letters of credit remain, backed by $3.3M cash collateral.
Facility is secured by substantially all assets; material subsidiaries are guarantors.

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