Direct Digital Holdings enters $3.587M delayed draw term loan to fund warrant tender offer

Direct Digital Holdings, Inc.

Borrowed $3,587,274.03 under a delayed draw term loan from the 2021 Term Loan and Security Agreement.
Proceeds used to fund payments related to the 2023 warrant tender offer and associated fees and expenses.
After this draw, no additional term loans or delayed draw term loans remain available under the facility.
Fourth Amendment made technical amendments to negative covenants to permit the warrant tender transaction.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

Direct Digital Holdings, Inc. amended Fourth Amendment with Lafayette Square Loan Servicing, LLC, as administrative agent valued at $3,587,274.03 (effective 2023-10-03).

Action: amendment
Agreement: credit facility
Counterparty: Lafayette Square Loan Servicing, LLC, as administrative agent
Value: $3,587,274.03
Effective: 2023-10-03

Exact text from the filing

On October 3, 2023, Direct Digital Holdings, LLC (“ DDH LLC ”), as borrower, entered into the Fourth Amendment (the “ Amendment ”) to the Term Loan and Security Agreement, dated December 3, 2021 (the “ 2021 Credit Facility ”) with Direct Digital Holdings, Inc., Colossus Media, LLC, Huddled Masses LLC and Orange142, LLC, as guarantors, and Lafayette Square Loan Servicing, LLC, as administrative agent, and the various lenders thereto.

View on SEC.gov

281 material agreements filed in the last 30 days. Browse all material agreements →

Direct Digital Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001104659-23-108339

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.