Direct Digital Holdings Inc. has entered into the Eleventh Amendment to its existing Term Loan and Security Agreement, originally dated December 3, 2021. The amendment, effective as of December 31, 2025, involves Direct Digital Holdings, LLC as borrower, with several affiliated companies as guarantors, and Lafayette Square Loan Servicing, LLC as administrative agent alongside Lafayette Square USA, Inc. and other lenders. The amendment removes certain financial covenants for the quarter ending December 31, 2025, including minimum quarterly consolidated EBITDA and minimum revenue requirements for the sell-side advertising business. It also modifies the loan amortization schedule, specifying that no principal payments will be required for the quarters ending March 31 and June 30, 2026. Principal payments will resume quarterly starting September 30, 2026, with the final payment due at maturity. The maturity date for the amended term loan is set for September 30, 2026.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Direct Digital Holdings Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001880613-26-000011), on January 30, 2026, and is solely responsible for the information contained therein.
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