Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
Direct Digital Holdings, Inc. incurred revolving credit of $5 million with Silicon Valley Bank at greater of (i) 6.25% and (ii) the prime rate plus the prime rate margin maturing September 30, 2024.
- Instrument
- revolving credit
- Principal
- $5 million
- Counterparty
- Silicon Valley Bank
- Rate
- greater of (i) 6.25% and (ii) the prime rate plus the prime rate margin
- Maturity
- September 30, 2024
- Event
- incurrence
Exact text from the filing
”) and Orange142, LLC (“ Orange ”), as borrowers. The Loan Agreement provides for a revolving credit facility (the “ Credit Facility ”) in the original principal amount of $5 million, subject to a borrowing base determined based on eligible accounts, and up to an additional $2.5 million incremental revolving facility subject to the lender’s consent, which may
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Direct Digital Holdings, Inc. amended Third Amendment with Lafayette Square Loan Servicing, LLC (effective 2023-01-09).
- Action
- amendment
- Agreement
- credit facility
- Counterparty
- Lafayette Square Loan Servicing, LLC
- Effective
- 2023-01-09
Exact text from the filing
On January 9, 2023, DDH LLC entered into the Third Amendment (the “ Amendment ”) to the Term Loan and Security Agreement, dated December 3, 2021 (the “ 2021 Credit Facility ”) with the Company, Colossus, HM, and Orange, as guarantors, and Lafayette Square Loan Servicing, LLC (“ Lafayette Square ”), as administrative agent, and the various lenders thereto.
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Direct Digital Holdings, Inc. entered into Loan Agreement with Silicon Valley Bank valued at $5 million (effective 2023-01-09).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- Silicon Valley Bank
- Value
- $5 million
- Effective
- 2023-01-09
Exact text from the filing
On January 9, 2023, Direct Digital Holdings, Inc. (the “ Company ”) entered into a Loan and Security Agreement (the “ Loan Agreement ”), by and among Silicon Valley Bank (“ SVB ”), as lender, and Direct Digital Holdings, LLC (“ DDH LLC ”), the Company, Huddled Masses LLC (“ HM ”), Colossus Media, LLC (“ Colossus ”) and Orange142, LLC (“ Orange ”), as borrowers.
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