MergerAug 11, 2026, 04:58 PM
Katapult Completes Merger with Aaron's & CCF; Secures $275M Debt
AI Summary
Katapult Holdings, Inc. completed its previously announced all-stock combination with The Aaron’s Company, Inc. and CCF Holdings LLC, creating a scaled financial solutions platform for nonprime consumers. The combined entity is projected to generate over $4 billion in 2025 pro forma revenue and over $460 million in 2025 pro forma adjusted EBITDA. Concurrently, Katapult Intermediate Holdings secured a $200.0 million senior secured term loan, and Katapult MidCo obtained a $75.0 million senior secured term loan to repurchase preferred stock. The company also announced its new executive leadership team and board of directors, and established a non-employee director compensation policy.
Key Highlights
- Katapult Holdings completed an all-stock combination with The Aaron's Company and CCF Holdings.
- Combined company generated over $4 billion in 2025 pro forma revenue.
- Combined company generated over $460 million in 2025 pro forma adjusted EBITDA.
- Katapult Intermediate Holdings secured a $200.0 million senior secured term loan facility.
- Katapult MidCo secured a $75.0 million senior secured term loan facility.
- Aaron's stockholders, CCFI unitholders, and Katapult stockholders own 14%, 80%, and 6% respectively.
- New executive leadership team and Board of Directors were announced.
- Non-employee directors to receive annual cash compensation up to $200,000.
Price Impact
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