Katapult Holdings, Inc. entered into a crucial refinancing agreement with Blue Owl Capital on June 12, 2025, significantly strengthening its capital structure. This agreement upsized the company's revolving credit facility to an initial committed amount of $110 million, representing a $20 million increase in liquidity.
The refinancing also extended the maturity of the revolving credit facility to December 4, 2026. Additionally, a New Term Loan with an initial principal of $33 million was established, also maturing on December 4, 2026, and bearing a fixed 18% PIK interest rate.
This refinancing agreement is a critical development for Katapult, as it addresses prior 'going concern' concerns issued by auditors for FY 2024. It provides the company with a more stable financial runway and enhanced liquidity, supporting its strategic transformation and growth initiatives.
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