Katapult Holdings, Inc. disclosed on September 30, 2026, that its wholly owned subsidiary CCF OpCo LLC entered into a Seventh Amendment to its revolving credit agreement. The amendment extends the scheduled Draw Period Termination Date from September 30, 2026, to November 30, 2026. This two-month extension provides additional time before the facility enters its amortization phase, subject to earlier termination if an unwaived Cease Funding Event occurs or if the lenders approve a different extension request.
The credit agreement, originally dated December 29, 2023, involves CCF OpCo LLC as the borrower and includes The Huntington National Bank and Sunflower Bank, N.A. in administrative roles. Under the terms of the Seventh Amendment, Sunflower Bank, N.A., has been appointed as the successor administrative agent. The Huntington National Bank, which serves as successor by merger to Veritex Community Bank, resigned from this role simultaneously with the signing of the amendment. In connection with this change, the parties executed an Assignment and Assumption of Revolving Credit Documents, transferring all rights and interests under the credit agreement from The Huntington National Bank to Sunflower Bank, N.A.
BP Funding Trust, Series SPL-V, continues to serve as the Class B Agent under the agreement. The filing states that upon the occurrence of the Draw Period Termination Date, a twelve-month amortization period will commence. Unless an Event of Default occurs as defined in the credit agreement, the maturity date will not arrive until the end of this amortization period. The Seventh Amendment and the Assignment and Assumption are attached as Exhibit 10.1 to the Form 8-K filed with the U.S. Securities and Exchange Commission.
Russell Falkenstein, Executive Vice President and Chief Financial Officer of Katapult Holdings, signed the current report on October 2, 2026. The company is incorporated in Delaware and maintains its principal executive offices in Atlanta, Georgia. Its common stock trades on The Nasdaq Stock Market LLC under the ticker symbol KPLT. The filing notes that the description of the Seventh Amendment is qualified in its entirety by reference to the full document provided in the exhibit.