Clear Secure, Inc. (YOU) Form 8-K — Jun 23, 2026
Clear Secure entered into Amendment No. 4 to its Credit Agreement, extending the maturity date of the facility to June 23, 2031. The amendment reduces total lender commitments from $100 million to $50 million while increasing the letter of credit sublimit to $50 million, effectively reallocating capacity toward letters of credit. The company secured lower borrowing costs, reducing the applicable margin for term SOFR loans from 2.50% to 1.50% and for base rate loans from 1.50% to 0.50%.
Key figures
- Debt Amount
- $50,000,000
- Interest Rate
- 1.50%
- Maturity Date
- June 23, 2031
- New Unused Fee
- 0.25%
- Old Unused Fee
- 0.35%
- New Commitment
- $50,000,000
- New LCSublimit
- $50,000,000
- Old Commitment
- $100,000,000
- Old LCSublimit
- $35,000,000
- New Base Rate Margin
- 0.50%
- New Term Sofr Margin
- 1.50%
- Old Base Rate Margin
- 1.50%
- Old Term Sofr Margin
- 2.50%
Price after filing
Close on the filing date to close N calendar days later (from $52.73). Historical, not a forecast.
AI analysis
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