---
schema_version: "secwatch.filing_event.v1"
accession: "0001495320-23-000049"
form_type: "8-K"
ticker: "VRA"
cik: "0001495320"
company_name: "Vera Bradley, Inc."
filed_at: "2023-08-08T23:59:59+00:00"
generated_at: "2026-06-12T01:38:19.236734+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Vera Bradley amends credit facility: maturity extended to 2028, SOFR replaces LIBOR, up to $50M accordion added

## Summary
- Maturity extended to May 2028; Creative Genius, LLC added as a borrower.
- Borrowers may increase aggregate principal by up to $50.0 million via accordion feature.
- Commitment fee set at 0.20% or 0.30% based on average quarterly utilization.
- CB Floating Rate = greater of prime or 2.50%; term borrowings switch from LIBOR to adjusted Term SOFR + 0.10%.
- Fixed charge coverage ratio ≥1.00x triggered when availability < ~$9.4M or 12.5% of borrowing base.

## SEC filing metadata
- accession: 0001495320-23-000049
- form_type: 8-K
- ticker: VRA
- cik: 0001495320
- company_name: Vera Bradley, Inc.
- filed_at: 2023-08-08T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1495320/000149532023000049/0001495320-23-000049-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1495320/000149532023000049/vra-20230803.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001495320-23-000049
- JSON: https://secwatch.observer/filing/0001495320-23-000049.json
- Plain text: https://secwatch.observer/filing/0001495320-23-000049.txt

## Key facts
- Material Agreements
  Vera Bradley, Inc. amended Third Amendment with JP Morgan Chase Bank, N.A., as the administrative agent, and lenders from time to time party thereto (effective 2023-08-03).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: JP Morgan Chase Bank, N.A., as the administrative agent, and lenders from time to time party thereto
  - Effective: 2023-08-03
  source text: On August 3, 2023, certain subsidiaries of Vera Bradley, Inc. (the “Company”), JP Morgan Chase Bank, N.A., as the administrative agent, and lenders from time to time party thereto, entered into a Third Amendment (the “Third Amendment”) to the asset based revolving Credit Agreement (as amended, the “Credit Agreement”) dated September 7, 2018.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1495320/000149532023000049/0001495320-23-000049-index.htm

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