Loan & DebtApr 16, 2026, 06:16 AM
Katapult Secures Tenth Waiver on Loan Covenant Breach
AI Summary
Katapult Holdings, Inc. entered into its tenth limited waiver on April 15, 2026, for its Amended and Restated Loan and Security Agreement. This waiver was necessary due to the company's failure to maintain Minimum Trailing Three-Month Net Originations, a covenant under the agreement. The repeated need for waivers indicates ongoing challenges in meeting financial obligations.
Key Highlights
- Katapult secured its tenth limited waiver for its loan agreement.
- The waiver addresses the company's failure to maintain Minimum Trailing Three-Month Net Originations.
- The loan agreement is with Midtown Madison Management LLC and other lenders.
- This is the tenth waiver obtained since September 2025.