Lulus Fashion Lounge Holdings enters $20 million loan agreement with White Oak Commercial Finance.

Lulu's Fashion Lounge Holdings has entered into a $20 million loan agreement with White Oak Commercial Finance, with a $5 million uncommitted accordion and a $1 million sublimit for letters of credit. The agreement matures on August 14, 2028, and will provide the company with financial flexibility to execute its strategic priorities.

Lululemon Athletica Inc. (NASDAQ: LULU), the popular athletic apparel retailer, has entered into a significant financial agreement with White Oak Commercial Finance. The deal involves a $20 million loan, with a $5 million uncommitted accordion and a $1 million sublimit for letters of credit. The loan agreement matures on August 14, 2028, providing the company with substantial financial flexibility to execute its strategic priorities.

This move comes on the heels of Lululemon's strong first-quarter performance, where the company reported earnings per share (EPS) of $2.60, meeting analyst expectations, and revenue rising by 7.3% year-over-year [1]. The loan agreement is expected to bolster Lululemon's financial position, enabling it to pursue growth opportunities and maintain its competitive edge in the athletic apparel market.

Institutional investors have shown strong interest in Lululemon, with Vanguard Group Inc. increasing its stake in the company by 1.2% during the first quarter, owning approximately 11.00% of Lululemon's shares worth $3,755,337,000 [1]. Other institutional investors, such as N.E.W. Advisory Services LLC and Cornerstone Planning Group LLC, have also recently increased their holdings in the stock, indicating confidence in the company's prospects.

Analysts have generally maintained a positive outlook on Lululemon, with several firms lowering their target prices but keeping a "buy" rating. The company's average rating among analysts is "Moderate Buy," with an average target price of $327.15 [1]. Despite the recent increase in target prices, Lululemon's stock has shown resilience, trading up 2.9% during mid-day trading on Tuesday, July 2, 2025.

This loan agreement underscores Lululemon's commitment to strategic growth and financial stability, positioning the company to continue its success in the competitive athletic apparel market.

References:
[1] https://www.marketbeat.com/instant-alerts/filing-lululemon-athletica-inc-nasdaqlulu-shares-acquired-by-vanguard-group-inc-2025-08-08/