debt
confidence high
sentiment negative
materiality 0.75
Katapult enters Tenth Limited Waiver for loan breach; waives Q1 originations miss
Katapult Holdings, Inc.
- Credit parties failed to maintain Minimum Trailing Three-Month Net Originations as of March 31, 2026.
- Charge-off percentage ratio exceeded thresholds for vintage pools in Dec 2025, Jan/Feb 2026 monthly reports.
- Waiver permanently waives the resulting default and any advance rate reduction from trigger events.
- Lenders include Midtown Madison Management LLC and Blue Owl Asset Income funds; effective April 15, 2026.
- Credit parties represent no other defaults continuing and reaffirm obligations under the loan agreement.