debt
confidence high
sentiment negative
materiality 0.60
Katapult permanently waives loan default for missing origination covenant as of Jan 31, 2026
Katapult Holdings, Inc.
- Credit Parties failed to maintain Minimum Trailing Three-Month Net Originations required by loan agreement as of Jan 31, 2026.
- Eighth Limited Waiver permanently waives this Existing Default; effective February 13, 2026.
- Waiver does not cure other defaults; lenders retain all other rights and remedies under the loan agreement.
- This is the eighth in a series of waivers since September 2025, indicating ongoing covenant difficulties.