Direct Digital Holdings, Inc. (DRCT): debt financing — Direct Digital Holdings enters $5M revolving credit facility with East West Bank

On July 7, 2023, Direct Digital Holdings, Inc. (the “ Company ”) entered into a Credit Agreement (the “ Credit Agreement ”), by and among East West Bank (“ EWB ”), as lender, and Direct Digital Holdings, LLC, the Company, Huddled Masses LLC, Colossus Media, LLC and Orange142, LLC, as borrowers. The Credit Agreement provides for a revolving credit facility (the “ Credit Facility ”) in the original principal amount of up to $5 million, subject to a borrowing base determined based on eligible accounts, and an up to $5 million uncommitted incremental revolving facility. Loans under the Credit Facility mature on July 7, 2025 (the “ Maturity Date ”), unless the Credit Facility is otherwise terminated pursuant to the terms of the Credit Agreement. Borrowings under the Credit Facility bear interest at a rate per annum equal to the one-month Term Secured Overnight Financing Rate, as administered by the CME Group Benchmark Administration Limited (“ CBA ”) (or a successor administrator of the sec

On July 7, 2023, Direct Digital Holdings, Inc. (the “ Company ”) entered into a Credit Agreement (the “ Credit Agreement ”), by and among East West Bank (“ EWB ”), as lender, and Direct Digital Holdings, LLC, the Company, Huddled Masses LLC, Colossus Media, LLC and Orange142, LLC, as borrowers.