---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-24-016264"
form_type: "8-K"
ticker: "LVLU"
cik: "0001780201"
company_name: "Lulu's Fashion Lounge Holdings, Inc."
filed_at: "2024-12-16T23:59:59+00:00"
generated_at: "2026-05-29T03:02:53.816266+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001558370-24-016264
- form_type: 8-K
- ticker: LVLU
- cik: 0001780201
- company_name: Lulu's Fashion Lounge Holdings, Inc.
- filed_at: 2024-12-16T23:59:59+00:00
- event_type: debt
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1780201/000155837024016264/0001558370-24-016264-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1780201/000155837024016264/tmb-20241213x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-24-016264
- JSON: https://secwatch.observer/filing/0001558370-24-016264.json
- Plain text: https://secwatch.observer/filing/0001558370-24-016264.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.