Direct Digital Holdings amends Lafayette Square term loan facility with USD 695,000 add-on loan

DRCT•2026-08-28

Facility balance after amendment

Total term loans outstanding under the facility stood at USD 15.5 million following the amendment.

Repayment terms and covenant updates

Repayment is set at weekly principal installments of at least USD 20,000, rising to at least USD 100,000, with USD 175,000 due at maturity.

The amendment added a cash flow variance covenant and reaffirmed deadlines under an Aug. 18, 2026 waiver.

Lafayette Square term loan facility amended

Direct Digital Holdings amended its Term Loan Facility with Lafayette Square, adding a USD 695,000 term loan maturing Oct. 12, 2026.

Proceeds are earmarked for a USD 15,000 interest reserve, working capital, and general corporate purposes.

Sources

Direct Digital Holdings amends Lafayette Square term loan facility with USD 695,000 add-on loan

Sec

Direct Digital Holdings amends Lafayette Square term loan facility with USD 695,000 add-on loan

Facility balance after amendment

Repayment terms and covenant updates

Lafayette Square term loan facility amended

Related News

Loop Industries shareholders elect directors at annual meeting

Trex files Form 3 for SVP, Chief Commercial Officer Brian J. Taylor

Mint Incorporation Limited Announces Closing Of $2.5 Million Registered Direct Offering

Sources

Direct Digital Holdings amends Lafayette Square term loan facility with USD 695,000 add-on loan

Karman ups term loans by $100 million under Sixth Amendment to Citi-led credit agreement

IBM Senior Vice President Thomas Robert David sells 25,000 shares for $5.76 million