Direct Digital Holdings Enters Amendment Adding $1M Revolving Credit

What Happened

• Direct Digital Holdings, Inc. filed an 8‑K reporting that on September 25, 2026 its subsidiary Direct Digital Holdings, LLC entered into a Fourteenth Amendment to its Term Loan and Security Agreement with Lafayette Square USA, Inc. and Lafayette Square Loan Servicing, LLC (agent). The amendment adds a revolving credit facility with an initial commitment of $1.0 million (can be increased up to $3.0 million) and a maturity of December 3, 2026. The revolving loan funds a $71,000 interest reserve and general working capital needs. After the amendment, $15.5 million of term loans remained outstanding under the Term Loan Facility.

Key Details

• Amendment date: September 25, 2026; 8‑K filed October 1, 2026.
• Initial revolving commitment: $1.0 million; potential increase to $3.0 million.
• Maturity date for the revolving loan: December 3, 2026.
• Use of proceeds: $71,000 interest reserve and general corporate/working capital.
• Interest, prepayment and default acceleration: same terms and interest rate as existing term loans.
• Borrowing mechanics: revolver borrowings subject to a borrowing base based on eligible accounts.
• Parties: borrower DDH LLC; guarantors include Direct Digital Holdings, Inc., Colossus Media, LLC, Huddled Masses LLC, Orange142, LLC; lender Lafayette Square USA, Inc.; agent Lafayette Square Loan Servicing, LLC. The Fourteenth Amendment is filed as Exhibit 10.1.

Why It Matters

• The amendment creates a new short‑term revolving financial obligation that gives the company additional liquidity for near‑term needs (initially $1.0M).
• It does not change the economics or default/prepayment protections of the existing term loans—borrowings under the revolver carry the same interest rate and enforcement terms as the existing debt.
• Investors should note the December 3, 2026 maturity and the $15.5M of term loan principal outstanding; the revolver is a temporary source of working capital and is subject to borrowing‑base limits.