Katapult Holdings, Inc. disclosed on September 30, 2026, that its wholly owned subsidiary, CCF OpCo LLC, entered into a Seventh Amendment to its Second Amended and Restated Revolving Credit Agreement. The amendment extends the scheduled Draw Period Termination Date from September 30, 2026, to November 30, 2026. This extension is contingent upon the Borrower and lenders approving any requested extensions prior to the new date, or if a Cease Funding Event occurs.
The amendment also modifies the repayment terms. Upon the occurrence of the Draw Period Termination Date, a twelve-month amortization period will begin. The maturity date is scheduled to occur at the conclusion of this amortization period, provided no Event of Default has occurred.
In a separate agreement executed on the same date, the Borrower entered into an Assignment and Assumption of Revolving Credit Documents. This transaction resulted in The Huntington National Bank resigning as the administrative agent. Sunflower Bank, N.A., was appointed as the successor administrative agent and assumed Huntington’s rights and interests under the Credit Agreement. The Credit Agreement remains in full force and effect, subject to the modifications made by the Seventh Amendment and the Assignment and Assumption.
