Direct Digital Holdings, Inc. (DRCT) Form 8-K — Aug 28, 2026
Direct Digital Holdings (DRCT) entered into a Thirteenth Amendment to its Term Loan and Security Agreement with Lafayette Square on August 26, 2026, adding a $695,000 term loan that matures October 12, 2026, to fund a $15,000 interest reserve and general working capital. The new money must be repaid quickly — at least $20,000 in the week of August 31, 2026, then at least $100,000 each week through the week of October 5, 2026, with a final $175,000 payment at maturity, all bearing the same rate and default terms as the existing facility.
Key figures
- Debt Amount
- 695000
- Maturity Date
- October 12, 2026
- Exit fee amount
- 27077000
- Amendment number
- 13
- Loan servicing fees
- 27500
- Seventh amendment fee
- 85906
- Twelfth amendment fee
- 75000
- Interest reserve funded
- 15000
- Final repayment at maturity
- 175000
- Seventh amendment closing fee
- 1000000
- Series a preferred face amount
- 27077000
- Min weekly payment week of aug 31 2026
- 20000
- Thirteenth amendment fees and expenses
- 13500
- Min weekly payments sept 7 through oct 5 2026
- 100000
Price after filing
Close on the filing date to close N calendar days later (from $2.38). Historical, not a forecast.
AI analysis
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