Katapult gets limited waiver through Sep 29 after breaching $61M origination covenant

Katapult Holdings, Inc.

Failed to maintain Minimum Trailing Three-Month Originations of $61M as of Aug 31, 2025, triggering default.
Lenders (Blue Owl entities) temporarily waive default until 5:00 p.m. ET on September 29, 2025.
Waiver is limited to this specific default; other defaults not waived and lenders retain remedies.
During waiver period, the default is deemed continuing for purposes of Sections 2.4(a) and 4.2(c) of the loan agreement.
Credit parties release lenders from all claims arising on or before September 15, 2025, excluding fraud or willful misconduct.

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