Direct Digital Holdings, Inc. (DRCT): debt financing — Direct Digital Holdings obtains $3.8M term loan to repay revolver; lender waives defaults

Additionally, LS and the Credit Parties agreed to use the proceeds of the Eighth Amendment Term Loan to repay in full and terminate the revolving credit notes under the Credit Agreement (the “ Credit Agreement ”), dated July 7, 2023, by and among East West Bank (“ EWB ”), as lender, and DDH LLC, the Company, Huddled Masses LLC, Colossus Media, LLC and Orange142, LLC, as borrowers.

On September 8, 2025, Direct Digital Holdings, LLC (“ DDH LLC ”), as borrower, entered into the Eighth Amendment (the “ Eighth Amendment ”) to the Term Loan and Security Agreement dated December 3, 2021 (the “ Term Loan Facility ”) with Direct Digital Holdings, Inc. (the “ Company ”), Colossus Media, LLC, Huddled Masses LLC and Orange142, LLC, as guarantors (such guarantors together with DDH LLC, the “ Credit Parties ”), and Lafayette Square Loan Servicing, LLC (“ LS ”), as administrative agent, and Lafayette Square USA, Inc. (“ Lafayette ”) and the other lenders from time to time party thereto. Under the terms of the Eighth Amendment, among other changes, DDH LLC requested and LS agreed to make a term loan in the principal amount equal to $3.8 million (the “ Eighth Amendment Term Loan ”) which includes an interest reserve under the Eighth Amendment in an amount equal to $93,000.