<a href="https://laohu8.com/S/DRCT">Direct Digital</a> Holdings Secures $3.8 Million Term Loan Amendment with Lafayette <a href="https://laohu8.com/S/XYZ">Square</a>, Terminating Previous Credit Agreement
Direct Digital Holdings Inc. has announced the entry into an Eighth Amendment to its Term Loan and Security Agreement, originally dated December 3, 2021. The amendment, effective September 8, 2025, involves Direct Digital Holdings, LLC as the borrower, with Lafayette Square Loan Servicing, LLC acting as the administrative agent. Under the terms of the Eighth Amendment, a new term loan amounting to $3.8 million has been secured, which includes an interest reserve of $93,000. The proceeds from this loan will be used to repay and terminate a revolving credit facility under a previous Credit Agreement with East West Bank. The maturity date for this newly amended loan is set for October 30, 2025. Additionally, the Credit Parties have agreed to pay an amendment fee of $37,500 by September 30, 2025. No termination penalties were incurred during this process.
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