Lulu's Fashion Lounge Secures New $20 Million Credit Agreement with White Oak Commercial Finance, Replaces Bank of America Deal

Reuters

Aug 14

<a href="https://laohu8.com/S/LVLU">Lulu's Fashion Lounge</a> Secures New $20 Million Credit Agreement with White Oak Commercial Finance, Replaces Bank of America Deal

Lulu's Fashion Lounge Holdings Inc. has announced a new financing agreement with White Oak Commercial Finance, LLC. Effective August 14, 2025, the company entered into a Loan and Security Agreement featuring an asset-based revolving credit facility with a $20 million commitment. This agreement, which includes a $5 million uncommitted accordion and a $1 million sublimit for letters of credit, will mature on August 14, 2028. The initial funding will be used to repay approximately $6 million owed to Bank of America under a previous credit agreement. CEO and Interim CFO Crystal Landsem stated that the partnership with White Oak strengthens the company's liquidity and supports its strategic goals.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Lulu's Fashion Lounge Holdings Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW9512340-en) on August 14, 2025, and is solely responsible for the information contained therein.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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Effective August 14, 2025, the company entered into a Loan and Security Agreement featuring an asset-based revolving credit facility with a $20 million commitment. This agreement, which includes a $5 million uncommitted accordion and a $1 million sublimit for letters of credit, will mature on August 14, 2028. The initial funding will be used to repay approximately $6 million owed to Bank of America under a previous credit agreement. CEO and Interim CFO Crystal Landsem stated that the partnership with White Oak strengthens the company's liquidity and supports its strategic goals.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<em>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Lulu's Fashion Lounge Holdings Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW9512340-en) on August 14, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0203345920.USD","symbol_name":"SCHRODER ISF QEP GLB ACT. 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Effective August 14, 2025, the company entered into a Loan and Security Agreement featuring an asset-based revolving credit facility with a $20 million commitment. This agreement, which includes a $5 million uncommitted accordion and a $1 million sublimit for letters of credit, will mature on August 14, 2028. The initial funding will be used to repay approximately $6 million owed to Bank of America under a previous credit agreement. CEO and Interim CFO Crystal Landsem stated that the partnership with White Oak strengthens the company's liquidity and supports its strategic goals.\n      \n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Lulu's Fashion Lounge Holdings Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW9512340-en) on August 14, 2025, and is solely responsible for the information contained therein.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}