Direct Digital Holdings adds $1 million revolving credit facility through amended term loan agreement
DRCT•Direct Digital Holdings added a revolving credit facility with an initial commitment of up to $1 million, expandable to $3 million, and a Dec. 3, 2026 maturity. The facility is intended to fund a $71,000 interest reserve, working capital and general corporate purposes.
1. Credit facility details
The company entered a Fourteenth Amendment to its term loan facility with Lafayette Square, adding the revolver. It carries the same rate and prepayment and default acceleration terms as the existing term loans; outstanding term loans totaled $15.5 million, with up to $1 million of revolving availability under the amendment.
