Loan & DebtJul 31, 2026, 08:08 AM
Lulu's Amends Loan Agreement for Increased Inventory Availability
AI Summary
Lulu's Fashion Lounge Holdings, Inc. amended its Loan and Security Agreement on July 27, 2026, to enhance borrowing flexibility. The amendment advances the start date for including an increased inventory formula amount in the revolver borrowing base from August 14, 2026, to July 21, 2026. It also reduces the excess revolver availability requirement for increased reporting from $5.0 million to $4.0 million during this period, providing greater access to funds. The company paid a $10,000 amendment fee and a $25,000 fee for the increased inventory availability period.
Key Highlights
- Second Amendment to Loan and Security Agreement entered on July 27, 2026.
- Increased inventory formula amount availability period advanced from August 14, 2026, to July 21, 2026.
- Excess revolver availability requirement for increased reporting decreased from $5.0 million to $4.0 million.
- Borrowers can use increased inventory formula amount once before June 30, 2027.
- Borrowers can use increased inventory formula amount twice after June 30, 2027.
- Company paid an amendment fee of $10,000.
- Company paid a $25,000 fee for the July 2026 Increased Inventory Availability Period.
Price Impact
More from LVLU