Direct Digital secures lender waiver on term loan covenant breaches, missed interest payments

• Direct Digital Holdings’ DDH LLC unit signed a waiver letter on Aug. 18, 2026 tied to its amended term loan facility.
• Lafayette Square Loan Servicing, as agent, waived covenant breaches for the quarter ended June 30, 2026.
• Lafayette Square USA, as lender, waived missed interest payments for May, June, July; pushed August interest due date to Sept. 30, 2026.
• Waiver also deferred Twelfth Amendment-related fees until Sept. 30, 2026.
• Relief on a minimum cash covenant, tied to a refinancing and preferred transaction provision, runs through Aug. 31, 2026.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Direct Digital Holdings Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001880613-26-000104), on August 21, 2026, and is solely responsible for the information contained therein.