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The ABL Advisor Deal Tables
SELECTED TRANSACTION DETAILS
White Oak Commercial Finance Agents $26MM in Credit Facilities to Lulu's Fashion Lounge
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Lenders/Participants
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White Oak Commercial Finance [Administrative Agent]
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Structure
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$20MM ABL Revolver; $5MM Uncommitted Accordion; $1M Sublimit for L/Cs
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Amount
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$26.000
Million
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Borrower(s)
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Lulu's Fashion Lounge Holdings
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Description
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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. The initial funding of the 2025 Credit Agreement 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 the date of this press release, and inclusive of the repayment to Bank of America, the Company will have $10 million of outstanding borrowings under the 2025 Credit Agreement.
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Industry
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Apparel
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| Related Tags |
White Oak Commercial Finance
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ABL Advisor
Deal Tables
2025
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