---
schema_version: "secwatch.filing_event.v1"
accession: "0000950103-25-007354"
form_type: "8-K"
ticker: "KPLT"
cik: "0001785424"
company_name: "Katapult Holdings, Inc."
filed_at: "2025-06-13T23:59:59+00:00"
generated_at: "2026-05-19T08:47:26.828633+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Katapult refinances credit: $110M revolver, $32.7M term loan at 18% PIK; warrants issued to Blue Owl

## Summary
- New $110M revolver (incl $20M new commitments) at SOFR+7%+0.10% spread; $32.7M term loan at 18% PIK interest.
- Term loan convertible to equity at 50% discount to 20-day VWAP (floor $2); warrants for 486,264 shares at $0.01 to Blue Owl affiliates.
- Stockholder approval required by Sep 1, 2025 for conversion; failure triggers default and acceleration.
- Existing defaults waived contingent on stockholder approval; new covenants include minimum liquidity from Feb 2026.
- Term loan conversion could dilute up to 80% of equity; warrants add ~10.7% of outstanding shares.

## SEC filing metadata
- accession: 0000950103-25-007354
- form_type: 8-K
- ticker: KPLT
- cik: 0001785424
- company_name: Katapult Holdings, Inc.
- filed_at: 2025-06-13T23:59:59+00:00
- event_type: debt
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 3.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1785424/000095010325007354/0000950103-25-007354-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1785424/000095010325007354/dp230096_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950103-25-007354
- JSON: https://secwatch.observer/filing/0000950103-25-007354.json
- Plain text: https://secwatch.observer/filing/0000950103-25-007354.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.