Lulu's Fashion Lounge Holdings, Inc. (LVLU): debt financing — 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.

item 1.01 item 1.02 item 2.03 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Lulu's Fashion Lounge Holdings, Inc. incurred revolving credit of $20 million commitment with White Oak Commercial Finance, LLC at 30-day SOFR rate plus 3.95% maturing August 14, 2028.

Instrument: revolving credit
Principal: $20 million commitment
Counterparty: White Oak Commercial Finance, LLC
Rate: 30-day SOFR rate plus 3.95%
Maturity: August 14, 2028
Event: incurrence

Exact text from the filing

as Administrative Agent, and the lenders party thereto (the “2025 Credit Agreement”). The 2025 Credit Agreement is comprised of an asset-based revolving credit facility with a $20 million commitment, a $5 million uncommitted accordion and a $1 million sublimit for letters of credit. The amount that the Borrowers may borrow under the 2025 Credit Agreement is based

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Source: SEC EDGAR

accession 0001104659-25-078565

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