secwatch.observer — SEC 8-K summary
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Issuer:     Lulu's Fashion Lounge Holdings, Inc. (LVLU)
CIK:        0001780201
Form:       8-K
Filed at:   2024-12-16T23:59:59+00:00
Accession:  0001558370-24-016264
Event type: debt
Sentiment:  negative
Materiality: 0.85
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1780201/000155837024016264/0001558370-24-016264-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1780201/000155837024016264/tmb-20241213x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-24-016264

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer