secwatch.observer — SEC 8-K summary
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Issuer:     Warby Parker Inc. (WRBY)
CIK:        0001504776
Form:       8-K
Filed at:   2022-10-04T23:59:59+00:00
Accession:  0001104659-22-105901
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1504776/000110465922105901/0001104659-22-105901-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1504776/000110465922105901/tm2227319d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-105901

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