Katapult defaults on loan covenant; obtains permanent waiver from lenders

Katapult Holdings, Inc.

Credit parties failed to maintain Minimum Trailing Three-Month Net Originations as of Dec 31, 2025.
Seventh Limited Waiver permanently waives that specific existing default under the Loan Agreement.
Waiver effective January 15, 2026; lenders include Blue Owl entities and Midtown Madison Management.
Credit parties release lenders from all claims arising before the waiver date.
No other defaults are waived; loan terms otherwise remain in full force.

item 1.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Katapult Holdings, Inc. amended Seventh Limited Waiver with Midtown Madison Management LLC (effective 2026-01-15).

Action: amendment
Agreement: credit facility
Counterparty: Midtown Madison Management LLC
Effective: 2026-01-15

Exact text from the filing

On January 15, 2026, Katapult Holdings, Inc. (the “Company”) entered into the Limited Waiver (the “Seventh Limited Waiver”) to our Amended and Restated Loan and Security Agreement

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Katapult Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0000950103-26-000562

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