Katapult Holdings, Inc. completed a \(65.0 Million private placement of Series A (\)35M) and Series B (\(30M) Convertible Preferred Stock to HHCF Series 21 Sub, LLC. The primary use of proceeds is to pay off the existing Term Loan (approx. \)32.7M) and partially prepay the Revolving Loan, shifting financing focus solely to the Revolving Facility.
This transaction was coupled with a Limited Waiver for the Loan Agreement, which permanently waived existing defaults related to Minimum Trailing Three-Month Originations. Broader waivers for prior defaults remain contingent upon obtaining Requisite Stoc
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