Katapult Holdings, Inc. 8-K

What Happened

• Katapult Holdings, together with Katapult SPV-1 LLC and Katapult Group, Inc., announced on February 13, 2026 that it entered into an Eighth Limited Waiver to its Amended and Restated Loan and Security Agreement (originally dated June 12, 2025) with Midtown Madison Management LLC and the lenders. The waiver responds to the Credit Parties’ failure to maintain the required Minimum Trailing Three-Month Net Originations as of the last business day of the month ended January 31, 2026 and permanently waives the related Existing Default.

Key Details

• Date of waiver: February 13, 2026.
• Agreement affected: Amended and Restated Loan and Security Agreement dated June 12, 2025 (as amended).
• Parties: Katapult Holdings, Katapult Group, Katapult SPV-1 LLC (Credit Parties), Midtown Madison Management LLC (agent/lender) and the lenders.
• Waiver scope: The Eighth Limited Waiver permanently waives the Existing Default tied to not meeting Minimum Trailing Three-Month Net Originations as of Jan. 31, 2026.

Why It Matters

• The waiver prevents the lenders from declaring a default or taking immediate remedies tied to the missed originations metric, giving Katapult more breathing room under its credit facility. For investors, this affects near-term liquidity stability and the company’s covenant standing with its lenders; continuing reliance on waivers may indicate ongoing operational or financial challenges relative to covenant targets.