Vera Bradley borrows $60 million under revolving line of credit

By Wendy Van Sickle

Columbus, Ohio, April 3 – Vera Bradley, Inc. has drawn $60 million on its bank line of credit to increase its cash position and provide additional flexibility, according to a news release.

The drawdown was one of several measures taken in response to the Covid-19 pandemic, the company reported.

Vera Bradley is a handbag, accessory and luggage company based in Roanoke, Ind.

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