Lulus obtains covenant waiver from BoA, faces higher interest and weekly cash minimums

Lulu's Fashion Lounge Holdings, Inc.

Third Amendment to Credit Agreement grants limited waiver of financial covenants for quarter ended Sep 30, 2024.
Weekly minimum liquidity requirement starts at $1.5M (Dec 20, 2024) and ramps to $4.0M by Feb 21, 2025.
Interest rate margins increase: Base Rate +3.25% (Dec 13) then +4.00% (Feb 1); Term SOFR +4.25% then +5.00%.
$500,000 amendment fee payable in five monthly installments starting Feb 1, 2025; acceleration triggers full payment.
Weekly bank statements and payables aging to be delivered through at least Mar 3, 2025.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.