Vera Bradley, Inc. Enters into Fifth Amendment to Credit Agreement

On October 21, 2025, Vera Bradley, Inc. and its subsidiaries entered into a Fifth Amendment to their Credit Agreement with JPMorgan Chase Bank, N.A. and other lenders. The amendment modifies the existing Credit Agreement and Pledge and Security Agreement, originally dated September 7, 2018. Key changes include permitting the sale of certain real property assets without requiring the proceeds to repay outstanding amounts under the Credit Agreement, removing the prohibition against sale and leaseback transactions, and increasing the amount of Company assets permitted to be disposed of in any fiscal year outside the ordinary course of business from $5,000,000 to $10,000,000. Additionally, the amendment grants a security interest in certain intellectual property and provides non-exclusive licenses to JPMorgan Chase Bank, N.A. as the administrative agent. The amendment also includes customary security agreements with Vera Bradley Designs, Inc., a subsidiary of the Company.