---
schema_version: "secwatch.filing_event.v1"
accession: "0001880613-26-000111"
form_type: "8-K"
ticker: "DRCT"
cik: "0001880613"
company_name: "Direct Digital Holdings, Inc."
filed_at: "2026-10-01T20:04:39+00:00"
generated_at: "2026-10-12T14:21:43.923435+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Direct Digital Holdings amends term loan, adds $1M-$3M revolver; $15.5M term loans outstanding

## Summary
- Fourteenth Amendment provides revolving credit facility with initial commitment up to $1.0M, may increase to $3.0M, maturing Dec 3, 2026; funds $71,000 interest reserve plus working capital.
- Existing term loans aggregate principal $15,483,340.08; after amendment, $15.5M term loans outstanding with up to $1.0M revolver available.
- Acknowledges unpaid amounts: $120,000 Thirteenth Amendment principal due, $13,500 Thirteenth fees, $45,000 Fourteenth fees, $20,000 Fourteenth Amendment fee, $75,000 Twelfth fee.
- Interest, fees, costs accrued since July 31, 2025 total $3,025,704.09; Seventh Amendment Closing Fee $1,000,000 and $85,906 Seventh Amendment Fee outstanding.
- Failure to pay Section 3 amounts constitutes immediate Event of Default; Lafayette Square USA held Series A Preferred face amount $27,077,000 plus $1,912,054 accrued dividends.

## SEC filing metadata
- accession: 0001880613-26-000111
- form_type: 8-K
- ticker: DRCT
- cik: 0001880613
- company_name: Direct Digital Holdings, Inc.
- filed_at: 2026-10-01T20:04:39+00:00
- event_type: debt
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1880613/000188061326000111/0001880613-26-000111-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1880613/000188061326000111/drct-20260925.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001880613-26-000111
- JSON: https://secwatch.observer/filing/0001880613-26-000111.json
- Plain text: https://secwatch.observer/filing/0001880613-26-000111.txt

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