Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
Warby Parker Inc. incurred revolving credit of up to $120,000,000 with JPMorgan Chase Bank, N.A., as Administrative Agent at adjusted SOFR (as defined in the Credit Agreement), plus an applicable margin of maturing February 21, 2029.
- Instrument
- revolving credit
- Principal
- up to $120,000,000
- Counterparty
- JPMorgan Chase Bank, N.A., as Administrative Agent
- Rate
- adjusted SOFR (as defined in the Credit Agreement), plus an applicable margin of
- Maturity
- February 21, 2029
- Event
- incurrence
Exact text from the filing
The Credit Agreement provides for a revolving credit facility with borrowing capacity up to $120,000,000 at any time outstanding.
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.95
Warby Parker Inc. terminated Prior Credit Agreement with Comerica Bank valued at Terminated prior credit agreement dated September 30, 2022; no outstanding borrowings except $4.3 mi (effective 2024-02-21).
- Action
- termination
- Agreement
- credit facility
- Counterparty
- Comerica Bank
- Value
- Terminated prior credit agreement dated September 30, 2022; no outstanding borrowings except $4.3 mi
- Effective
- 2024-02-21
Exact text from the filing
On February 21, 2024, in connection with entry into the Credit Agreement described in Item 1.01, the Borrowers terminated their prior Credit Agreement, dated September 30, 2022 (as amended, the “Prior Credit Agreement”), with the lenders from time-to-time party thereto and Comerica Bank, as Administrative Agent, Sole Lead Arranger and Sole Bookrunner.
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.95
Warby Parker Inc. entered into Credit Agreement with JPMorgan Chase Bank, N.A. valued at Revolving credit facility with borrowing capacity up to $120,000,000, expandable by $55,000,000 to $ (effective 2024-02-21).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- JPMorgan Chase Bank, N.A.
- Value
- Revolving credit facility with borrowing capacity up to $120,000,000, expandable by $55,000,000 to $
- Effective
- 2024-02-21
Exact text from the filing
On February 21, 2024, Warby Parker Inc. (the “Company”), a Delaware public benefit corporation, and Warby Parker Retail, Inc., a Delaware corporation and wholly-owned subsidiary of the Company (together, the “Borrowers”), entered into a Credit Agreement (the “Credit Agreement”) with JPMorgan Chase Bank, N.A., Citibank, N.A., the other lenders from time to time party thereto, and JPMorgan Chase Bank, N.A., as Administrative Agent (the “Agent”).
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