Direct Digital Holdings Inc. has announced a modification to its existing credit agreement with East West Bank, extending the maturity date from July 7, 2025, to July 31, 2025. As part of this Fifth Amendment to the Credit Agreement, the company agreed to an extension fee of $50,000 and additional interest on any outstanding loans. The new interest rate will be the existing loan rate plus 5% per annum, applicable from July 7, 2025, until the new maturity date. This amendment allows for extended repayment of any outstanding loans and advances, including principal, interest, or fees, providing the company additional time to meet its financial obligations.
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