Direct Digital Holdings increases revolving credit facility to $10M from $5M with East West Bank

Direct Digital Holdings, Inc.

Revolving credit facility increased from $5M to $10M under second amendment with East West Bank.
Borrowers include Direct Digital Holdings, LLC, Colossus Media, Huddled Masses, Orange142.
Non-refundable commitment fee of $50,000 paid to East West Bank.
Amendment effective November 27, 2023; credit agreement originally dated July 7, 2023.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Direct Digital Holdings, Inc. amended Second Amendment with East West Bank valued at from $5,000,000 to $10,000,000 (effective 2023-11-27).

Action: amendment
Agreement: credit facility
Counterparty: East West Bank
Value: from $5,000,000 to $10,000,000
Effective: 2023-11-27

Exact text from the filing

On November 27, 2023, Direct Digital Holdings, Inc. (the “ Company ”) entered into that certain Second Amendment (the “ Amendment ”) to the Credit Agreement, dated July 7, 2023 (the “ Existing 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 (collectively, “ Borrowers ”).

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Source: SEC EDGAR

accession 0001104659-23-122418

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