---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-108339"
form_type: "8-K"
ticker: "DRCT"
cik: "0001880613"
company_name: "Direct Digital Holdings, Inc."
filed_at: "2023-10-10T23:59:59+00:00"
generated_at: "2026-06-10T02:52:36.979049+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-23-108339
- form_type: 8-K
- ticker: DRCT
- cik: 0001880613
- company_name: Direct Digital Holdings, Inc.
- filed_at: 2023-10-10T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1880613/000110465923108339/0001104659-23-108339-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1880613/000110465923108339/tm2328090d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-108339
- JSON: https://secwatch.observer/filing/0001104659-23-108339.json
- Plain text: https://secwatch.observer/filing/0001104659-23-108339.txt

## Key facts
- Material Agreements
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1880613/000110465923108339/0001104659-23-108339-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.