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Katapult Receives Temporary Waiver on Loan Covenant Breach Until September 29, 2025

Author: Benzinga Newsdesk | September 16, 2025 07:21am

On September 15, 2025, Katapult Holdings, Inc. (the "Company") entered into the Limited Waiver (the "Limited Waiver") to our Amended and Restated Loan and Security Agreement, dated as of June 12, 2025 (as amended, amended and restated, supplemented, revised, or otherwise modified from time to time, the "Loan Agreement"), by and among Katapult SPV-1 LLC, Katapult Group, Inc., the Company (each a "Credit Party" and, together, the "Credit Parties"), Midtown Madison Management LLC, as administrative, payment and collateral agent and lender, and the lenders party thereto (the "Lenders") in response to the Credit Parties' failure to maintain Minimum Trailing Three-Month Origination as required by the Loan Agreement. The Limited Waiver, among other things, temporarily waived the Existing Default (as defined in the Limited Waiver) until September 29, 2025.

 

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