Katapult amends credit facility after 11 waivers, removes originations covenant, cuts advance rate

Filed June 3, 2026 · Period ending June 2, 2026 · ~1 min read

Key Changes

• high

  Company secured third amendment to credit facility after receiving 11 prior waivers between September 2025 and May 2026, indicating persistent difficulty meeting original loan terms.

  Item 1.01 verify on EDGAR →
• high

  Lender eliminated minimum originations requirement that company repeatedly failed to meet, suggesting lease origination volumes running below initial projections.

  Item 1.01 verify on EDGAR →
• high

  Advance rate reduced, meaning Katapult can now borrow less against its collateral—typically signals lender concern about credit quality and will constrain liquidity.

  Item 1.01 verify on EDGAR →