Warby Parker enters $100M revolving credit facility with Comerica Bank

Warby Parker Inc.

Credit agreement provides $100M revolving facility maturing September 30, 2027.
Uncommitted accordion feature allows expansion up to $175M, subject to conditions.
Approximately $4.1M drawn at closing in letters of credit.
Interest at base rate or BSBY rate plus applicable margin (0.50-0.80% or 1.50-1.80%).
Financial maintenance covenant (max 3.00:1.00 senior net leverage) effective when borrowings exceed $60M.

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