Katapult Holdings, Inc.: extends credit draw period to Nov 30, 2026

What happened

• Katapult Holdings, Inc. reported it entered into a Seventh Amendment to its Second Amended and Restated Revolving Credit Agreement (the Credit Agreement). The Credit Agreement was originally dated Dec 29, 2023, and the Seventh Amendment is dated Sep 30, 2026.
• The filing states the Seventh Amendment extends the scheduled draw period termination date from Sep 30, 2026 to Nov 30, 2026 and that, upon a draw period termination date, a twelve-month amortization period will commence as described in the Credit Agreement.
• In connection with the Seventh Amendment, the borrower, CCF OpCo LLC, entered into an Assignment and Assumption under which The Huntington National Bank resigned as administrative agent and Sunflower Bank, N.A. was appointed successor administrative agent.

Key details

• Draw period termination date extended from Sep 30, 2026 to Nov 30, 2026.
• Original Credit Agreement date: Dec 29, 2023; Seventh Amendment date: Sep 30, 2026.
• A twelve-month amortization period will commence upon the draw period termination date, and maturity will not occur until the end of that amortization period absent an Event of Default.
• Huntington resigned as administrative agent and assigned its rights to Sunflower Bank, N.A., which became successor administrative agent; BP Funding Trust, Series SPL-V remains as Class B Agent.

Why it may matter

• Item reported: Item 1.01 — entry into a material definitive agreement. The filing covers an amendment to the company’s revolving credit facility that extends the borrower’s draw period and changes the administrative agent.
• The filing does not state why the company acted.