National Vision borrows $115M, repurchases $218M of 2025 Convertible Notes for $215M

National Vision Holdings, Inc.

Borrowed $115M in incremental term loans under existing credit agreement; same terms as existing term loans.
Repurchasing ~$218M aggregate principal of 2.50% Convertible Senior Notes due 2025 for ~$215M cash plus accrued interest.
Repurchase funded with term loan proceeds and cash on hand; expected close on or about Aug 12, 2024.
After repurchase, ~$85M principal of the 2025 Notes will remain outstanding.
CFO says transaction strengthens balance sheet and supports disciplined capital allocation.

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