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Lulu’s Fashion Lounge (NASDAQ: LVLU) updates revolver borrowing terms

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Lulu’s Fashion Lounge Holdings, Inc. entered into a Second Amendment to its Loan and Security Agreement with White Oak Commercial Finance, LLC and other lenders on July 27, 2026. The change moves up the date borrowers may include an increased inventory formula amount in the revolver borrowing base from August 14, 2026 to July 21, 2026, establishing the July 2026 Increased Inventory Availability Period.

After this period, the increased inventory formula amount may be used once before June 30, 2027 and twice after June 30, 2027 through the third anniversary of the revolver closing date. During the July 2026 Increased Inventory Availability Period only, the excess revolver availability requirement that triggers increased reporting is reduced from $5.0 million to $4.0 million. The borrowers paid a $10,000 amendment fee. The amendment is described as providing increased flexibility in accessing borrowings and managing inventory levels.

Positive

  • None.

Negative

  • None.
Item 1.01 Entry into a Material Definitive Agreement Business
The company signed a significant contract such as a merger agreement, credit facility, or major partnership.
Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement Financial
The company incurred a new significant debt or off-balance-sheet obligation.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Amendment date July 27, 2026 Date of the Second Amendment to the Loan and Security Agreement
Start of July 2026 Increased Inventory Availability Period July 21, 2026 New date from which increased inventory formula may be included in the revolver borrowing base
Prior inventory formula start date August 14, 2026 Original date replaced by July 21, 2026 for increased inventory inclusion
Excess revolver availability requirement (reduced) $4.0 million Threshold for increased reporting during the July 2026 Increased Inventory Availability Period
Excess revolver availability requirement (prior) $5.0 million Previous threshold for increased reporting before the temporary reduction
Amendment fee $10,000 Fee paid by the borrowers in connection with entering into the Second Amendment
Post-period inventory formula uses before June 30, 2027 1 use Number of times the increased inventory formula amount may be used before June 30, 2027
Post-period inventory formula uses after June 30, 2027 2 uses Number of times the increased inventory formula amount may be used after June 30, 2027 through the third anniversary
Loan and Security Agreement financial
"Second Amendment to the Loan and Security Agreement among the Company"
A loan and security agreement is a legal contract that sets out the amount, repayment schedule, interest and the rules a borrower must follow, and it names specific assets a lender can claim if the borrower fails to pay. Think of it like a mortgage or car loan where the lender holds a claim on collateral until the debt is repaid. Investors care because it determines a company’s repayment priorities, borrowing costs, operational limits and how easily creditors can seize assets in distress, all of which affect equity value and credit risk.
revolver borrowing base financial
"included in their revolver borrowing base, for purposes of calculating"
increased inventory formula amount financial
"include an increased inventory formula amount in their revolver"
excess revolver availability requirement financial
"the excess revolver availability requirement is decreased from $5.0 million"
Emerging growth company regulatory
"Emerging growth company x"
An emerging growth company is a recently public or smaller public firm that qualifies for temporary, lighter regulatory and disclosure rules to reduce the cost and effort of being public. For investors, it means the company may provide less historical financial detail and face fewer reporting requirements than larger firms, so it can grow more quickly but also carries higher uncertainty—like buying a promising early-stage product with fewer user reviews.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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FAQ

What did Lulu’s Fashion Lounge (LVLU) change in its loan agreement?
Lulu’s Fashion Lounge (LVLU) entered a Second Amendment to its Loan and Security Agreement. It accelerates when an increased inventory formula amount can be included in the revolver borrowing base and adjusts related availability and reporting terms.

How does the amendment affect LVLU’s revolver borrowing base?
The amendment allows LVLU’s borrowers to use an increased inventory formula amount in the revolver borrowing base starting July 21, 2026. This replaces the prior August 14, 2026 date and defines the July 2026 Increased Inventory Availability Period.

How often can LVLU use the increased inventory formula after July 2026?
After the July 2026 Increased Inventory Availability Period, the increased inventory formula amount may be used once before June 30, 2027 and twice after June 30, 2027 through the third anniversary of the revolver closing date.

What reporting threshold changed for LVLU’s revolver facility?
During the July 2026 Increased Inventory Availability Period, the excess revolver availability requirement that triggers increased reporting is reduced to $4.0 million from $5.0 million. This adjustment applies only in that specific period.

What fee did LVLU pay in connection with the loan amendment?
In connection with the Second Amendment to its Loan and Security Agreement, LVLU’s borrowers paid an amendment fee of $10,000. This fee amount is specified directly in the amendment referenced in the report.

How does the amendment impact LVLU’s borrowing flexibility?
The company states that the amendment gives the borrowers increased flexibility in accessing borrowings and managing inventory levels. This results from earlier inventory-based availability, modified usage limits, and an adjusted excess availability reporting threshold.
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UNITED STATES 

SECURITIES AND EXCHANGE COMMISSION 

WASHINGTON, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

Pursuant to Section 13 or 15(d) 

of the Securities Exchange Act of 1934 

 

July 27, 2026 

Date of Report (Date of earliest event reported)

 

 

 

Lulu’s Fashion Lounge Holdings, Inc.

(Exact name of Registrant as Specified in its Charter)

 

Delaware   001-41059   20-8442468
(State or Other Jurisdiction
of Incorporation)		   (Commission
File Number)		   (IRS Employer
Identification Number)

 

495 Ryan Avenue, Suite 125

Chico, California 95973

(Address of Principal Executive Offices) (Zip Code)

 

(530) 343-3545 

(Registrant’s Telephone Number, Including Area Code)

 

N/A 

(Former Name or Former Address, if Changed Since Last Report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Act:
 
Title of Each Class   Trading
Symbol(s)		   Name of Each Exchange on
Which Registered
Common Stock, par value $0.001 per share   LVLU   The Nasdaq Stock Market LLC

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company x

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

 

 

 

 

 

 

Item 1.01.Entry into a Material Definitive Agreement.

 

On July 27, 2026, Lulu’s Fashion Lounge Holdings, Inc. (the “Company”) entered into a Second Amendment to the Loan and Security Agreement among the Company, Lulu’s Fashion Lounge Parent, LLC and Lulu’s Fashion Lounge, LLC, as borrowers, White Oak Commercial Finance, LLC, as administrative agent, and the lenders party thereto (the “Amendment”). The Amendment changes the date the borrowers can include an increased inventory formula amount in their revolver borrowing base, for purposes of calculating the amount that may be borrowed under the revolver, from August 14, 2026 to July 21, 2026 (the “July 2026 Increased Inventory Availability Period”). The Amendment further provides that, on a going-forward basis after giving effect to the July 2026 Increased Inventory Availability Period, the increased inventory formula amount may be used once before June 30, 2027 and twice after June 30, 2027 through the third anniversary of the revolver closing date.  The Amendment also provides that during the July 2026 Increased Inventory Availability Period only, for purposes of determining increased reporting requirements the excess revolver availability requirement is decreased from $5.0 million to $4.0 million. This Amendment gives the borrowers increased flexibility in accessing borrowings and managing inventory levels. In connection with entering into the Amendment, the borrowers paid an amendment fee of $10,000, as specified in the Amendment.

 

The foregoing summary is qualified in its entirety by reference to the full text of the Amendment, a copy of which is filed as Exhibit 10.1 hereto to this Current Report on Form 8-K and incorporated by reference herein.

 

Item 2.03.Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

 

The information set forth in Item 1.01 of this Current Report on Form 8-K is incorporated herein by reference.

 

Item 9.01 Financial Statements and Exhibits.

 

(d) Exhibits

 

The following exhibits are filed herewith:

 

Exhibit Number   Description
   
10.1   Second Amendment to Loan and Security Agreement, dated as of July 27, 2026, among Lulu’s Fashion Lounge Holdings, Inc., Lulu’s Fashion Lounge Parent, LLC and Lulu’s Fashion Lounge, LLC, as borrowers, White Oak Commercial Finance, LLC, as administrative agent, and the lenders party thereto.
104   Cover Page Interactive Data File (formatted as inline XBRL).

  

 

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

      Lulu’s Fashion Lounge Holdings, Inc.
       
Date: July 31, 2026 By: /s/ Crystal Landsem
      Crystal Landsem
      Chief Executive Officer

 

 

 

Source: View Original Filing on SEC EDGAR

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