Lulus enters $20M asset-based revolving credit facility with White Oak; repays Bank of America facility

Lulu's Fashion Lounge Holdings, Inc.

New $20M revolving credit facility with White Oak Commercial Finance, maturing August 14, 2028.
Includes $5M uncommitted accordion and $1M letter of credit sublimit; interest at 30-day SOFR + 3.95%.
Proceeds used to repay ~$6M outstanding under prior Bank of America credit agreement, terminating that facility.
As of effective date, $10M outstanding under new facility after repayment.
Collateralized by first-priority lien on all tangible and intangible personal property; includes minimum excess availability covenant.

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