Lulu’s Fashion Lounge amends White Oak revolver to accelerate inventory-based borrowing availability
LVLU•Fee paid for the amendment
The borrowers paid a $10,000 amendment fee.
Borrowing availability and reporting changes
Post-period usage is capped at once before June 30, 2027, rising to twice after June 30, 2027 through the revolver’s third anniversary.
During the July 2026 period only, the excess availability threshold for increased reporting drops to $4 million from $5 million.
Amendment to White Oak loan and security agreement
Lulu’s Fashion Lounge entered a second amendment to its loan and security agreement with White Oak Commercial Finance as administrative agent.
The change accelerates the start of the revolver borrowing-base “increased inventory” formula period to July 21, 2026 from Aug. 14, 2026.
