secwatch.observer — SEC 8-K summary
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Issuer:     Katapult Holdings, Inc. (KPLT)
CIK:        0001785424
Form:       8-K
Filed at:   2026-01-15T23:59:59+00:00
Accession:  0000950103-26-000562
Event type: debt
Sentiment:  negative
Materiality: 0.70
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Katapult defaults on loan covenant; obtains permanent waiver from lenders
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1785424/000095010326000562/0000950103-26-000562-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1785424/000095010326000562/dp240034_8k.htm
  HTML page:      https://secwatch.observer/filing/0000950103-26-000562

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