According to an 8K filed with the SEC, Comerica Bank is serving as administrative agent, sole lead arranger and sole bookrunner for a $100 million revolving credit facility for Warby Parker, a retailer of eyewear. The facility also has a $75 million accordion, providing for a maximum of $175 million in funding.
Warby Parker drew $4.1 million of the financing upon the closing of the agreement, which will mature on Sept. 30, 2027. Warby Parker will use the financing for working capital and other general corporate purposes, according to the 8K.
