White Oak Commercial Finance Provides $20 Million ABL Revolver Facility to Lulu’s Fashion Lounge

NEW YORK--(BUSINESS WIRE)--White Oak Commercial Finance (“WOCF”), an affiliate of White Oak Global Advisors (“White Oak”), today announced it has provided a $20 million ABL Revolver Facility, with a $5 million uncommitted accordion and $1 million sublimit for letters of credit, to Lulu’s Fashion Lounge, LLC (“Lulu’s” or “the Company”), the popular online retailer of fashion-forward clothing for women.

The facility will be used in part to service existing debt obligations and support the Company’s sustainable growth objectives.

“We are pleased to work with Lulu’s as it enters this next phase of growth,” said Matt DeBernardo, Managing Director at White Oak Commercial Finance. “This transaction underscores our cross-sector abilities to deliver fast, flexible and tailored financing solutions to support middle-market businesses.”

This deal follows a recent $550 million ABL Facility for Wilbur-Ellis Holdings and a $125 million ABL Facility for a leading energy services company.

About White Oak Commercial Finance

White Oak Commercial Finance, LLC is an affiliate of White Oak Global Advisors, LLC (“White Oak”) and provides financial solutions including asset-based lending, full service factoring, lender financing, invoice discounting, government contract financing, supply chain financing, inventory financing, US import/export financing, trade credit risk management, accounts receivable management and credit/collections services. The firm has offices and personnel throughout the US, UK and Australia. White Oak Global Advisors, LLC and its financing affiliates provide over twenty lending products to the market that include term, asset-based, and equipment loans. Since its inception in 2007, White Oak and its affiliates have deployed over $11 billion. More information can be found at www.whiteoaksf.com/commercialfinance.