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AI brief of an SEC Form 8-K · Clear Secure (YOU)

Clear Secure amends Alclear credit facility, extends maturity to June 23, 2031

Positive Impact 3 of 5 financing Written later

On June 23, 2026, subsidiary Alclear Holdings, LLC signed Amendment No. 4 to its March 31, 2020 credit agreement with JPMorgan Chase Bank, N.A. as administrative agent. The amendment lowers borrowing costs, extends the facility's maturity from June 28, 2026 to June 23, 2031, and changes lender commitments and the letter of credit sublimit.

Key points

  • Lender commitments reduced from $100 million; the filing lists the new amount as '$50,000,0000', which appears to be a typo for $50 million
  • Letter of credit sublimit raised from $35 million to $50 million
  • Term SOFR margin cut from 2.50% to 1.50%, base rate margin from 1.50% to 0.50%, and unused commitment fee from 0.35% to 0.25%
  • Maturity extended from June 28, 2026 to June 23, 2031

The filing

CompanyClear Secure (YOU)
Form8-K, current report
Filed with the SECJun 23, 2026, 5:00 PM ET
Accession number0000950142-26-001859

Items reported: 1.01 Material Definitive Agreement2.03 New Direct Financial Obligation

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 2:07 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on June 23, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.