Lulu's Fashion Lounge Files Loan Amendment to Increase Revolver Access

What Happened
Lulu’s Fashion Lounge Holdings, Inc. announced on July 27, 2026 that it entered into a Second Amendment to its Loan and Security Agreement with White Oak Commercial Finance, LLC (as administrative agent) and the lenders under the credit facility. The amendment moves the date when the borrowers may include an increased inventory formula in the revolver borrowing base from August 14, 2026 to July 21, 2026, and changes how often that increased inventory formula can be used going forward.

Key Details

• Amendment date: July 27, 2026. Parties: Lulu’s Fashion Lounge Holdings, Lulu’s Fashion Lounge Parent, LLC, Lulu’s Fashion Lounge, LLC (borrowers) and White Oak Commercial Finance, LLC (agent).
• Increased Inventory Availability Period moved earlier: from August 14, 2026 to July 21, 2026.
• Usage limits: after giving effect to the July 2026 period, the increased inventory formula may be used once before June 30, 2027 and twice after June 30, 2027 through the third anniversary of the revolver closing date.
• Temporary change to coverage requirement: during the July 2026 Increased Inventory Availability Period only, the excess revolver availability requirement is reduced from $5.0 million to $4.0 million.
• Fee: the borrowers paid a $10,000 amendment fee.

Why It Matters
This amendment gives the company more flexibility to borrow under its revolver by allowing earlier and limited additional inclusion of inventory in the borrowing base and temporarily lowering the excess availability threshold. For investors, the change is a liquidity and working-capital measure—it can help the company access cash tied up in inventory sooner. The amendment does not report other changes to financial terms or introduce a material new obligation beyond the fee and the revised availability mechanics.