Lulu’s Fashion Lounge amends credit agreement
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.
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.
8-K Event Classification
Key Figures
Key Terms
Loan and Security Agreement financial
revolver borrowing base financial
increased inventory formula amount financial
excess revolver availability requirement financial
Emerging growth company regulatory
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Lulu’s Fashion Lounge (LVLU) change in its loan agreement?
How does the amendment affect LVLU’s revolver borrowing base?
How often can LVLU use the increased inventory formula after July 2026?
What reporting threshold changed for LVLU’s revolver facility?
What fee did LVLU pay in connection with the loan amendment?
How does the amendment impact LVLU’s borrowing flexibility?
AI-generated analysis. How Rhea-AI works. Not financial advice.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported)
(Exact name of Registrant as Specified in its Charter)
| (State
or Other Jurisdiction of Incorporation) |
(Commission File Number) |
(IRS Employer Identification Number) |
(Address of Principal Executive Offices) (Zip Code)
(
(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 | ||
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
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 |