Stitch Fix: $40M SVB credit commitment unavailable due to receivership; liquidity unaffected

Stitch Fix, Inc.

SVB's $40M portion of $100M revolving credit facility is no longer available after FDIC receivership.
Company has no plans to draw on the credit line and reaffirms sufficient cash for 12+ months.
Remaining $60M commitments from JPMorgan and Citibank remain available.
Cash, investments, and remaining borrowing capacity deemed adequate for working capital and capex.

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