Lulus Announces New Credit Agreement with White Oak Commercial Finance, LLC

CHICO, Calif., Aug. 14, 2025 (GLOBE NEWSWIRE) -- Lulu's Fashion Lounge Holdings, Inc. ("Lulus" or the "Company") (NASDAQ:LVLU) announced that, effective today, it entered into a Loan and Security Agreement with White Oak Commercial Finance, LLC, as Administrative Agent, and the lenders party thereto (the "2025 Credit Agreement"). The 2025 Credit Agreement is comprised of an asset-based revolving credit facility with a $20 million commitment, a $5 million uncommitted accordion and a $1 million sublimit for letters of credit. The 2025 Credit Agreement matures on August 14, 2028.  

"We're pleased to partner with White Oak on this financing agreement, which strengthens our liquidity position and provides Lulus with the financial flexibility to continue executing against our strategic priorities," said Crystal Landsem, CEO and Interim CFO of Lulus. "We remain focused on achieving our sustainable growth objectives, delivering attainable luxury for our customers, and driving value for our shareholders."

The initial funding of the 2025 Credit Agreement will occur today, and the proceeds will be used in part to repay approximately $6 million outstanding under the Company's amended credit agreement with Bank of America (the "2021 Credit Agreement"). Effective today, and inclusive of the ...