---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-027029"
form_type: "8-K"
ticker: "WRBY"
cik: "0001504776"
company_name: "Warby Parker Inc."
filed_at: "2024-02-23T23:59:59+00:00"
generated_at: "2026-06-05T16:57:34.810462+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Warby Parker secures $120M revolving credit facility, replaces prior Comerica deal

## Summary
- Revolving facility up to $120M, expandable to $175M via accordion; matures February 2029.
- No borrowings drawn at close; proceeds for working capital and general corporate purposes.
- Prior $120M Comerica facility terminated; $4.3M in letters of credit cash collateralized.
- Interest at prime plus 0.65-0.90% or adjusted SOFR plus 1.65-1.90%, based on leverage.
- Financial covenant (max senior net leverage 3.00:1.00) applies only when borrowings exceed $30M.

## SEC filing metadata
- accession: 0001104659-24-027029
- form_type: 8-K
- ticker: WRBY
- cik: 0001504776
- company_name: Warby Parker Inc.
- filed_at: 2024-02-23T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 1.02, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1504776/000110465924027029/0001104659-24-027029-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1504776/000110465924027029/tm247075d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-027029
- JSON: https://secwatch.observer/filing/0001104659-24-027029.json
- Plain text: https://secwatch.observer/filing/0001104659-24-027029.txt

## Key facts
- Debt Financings
  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
  source text: The Credit Agreement provides for a revolving credit facility with borrowing capacity up to $120,000,000 at any time outstanding.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1504776/000110465924027029/0001104659-24-027029-index.htm
- Material Agreements
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1504776/000110465924027029/0001104659-24-027029-index.htm
- Material Agreements
  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
  source text: 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”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1504776/000110465924027029/0001104659-24-027029-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.