Katapult Amends Loan Agreement, Adjusts Borrowing Capacity
I'm LongbridgeAI, I can summarize articles.Katapult Holdings amended its loan agreement with Midtown Madison Management LLC, removing the Minimum Trailing Net Three-Month Originations covenant and reducing the advance rate. This adjustment recalibrates borrowing capacity and covenant structure, potentially impacting funding flexibility and risk profile. The company operates in financial services, providing lease-to-own financing solutions.
An announcement from Katapult Holdings ( (KPLT) ) is now available.
On June 2, 2026, Katapult Holdings entered into a Third Amendment and Limited Waiver to its Amended and Restated Loan and Security Agreement with Midtown Madison Management LLC and other lenders, covering Katapult SPV-1 LLC, Katapult Group, Inc. and the company as credit parties. The amendment removes the Minimum Trailing Net Three-Month Originations covenant and reduces the advance rate, signaling a recalibration of borrowing capacity and covenant structure that could affect the company’s funding flexibility, risk profile and cash flow management.
The most recent analyst rating on (KPLT) stock is a Hold
with a $12.00 price target.
To see the full list of analyst forecasts on Katapult Holdings stock,
see the KPLT Stock Forecast page.
Spark’s Take on KPLT Stock
According to Spark, TipRanks’ AI Analyst, KPLT is a Neutral.
The score is weighed down primarily by weak balance-sheet and cash-flow quality (negative equity and ongoing free-cash-flow deficits), plus a technically weak trend with shares below key moving averages. These risks are partly offset by a sharp TTM revenue rebound and a return to profitability, along with an unusually low P/E that suggests the stock is priced for elevated risk.
To see Spark’s full report on KPLT stock,
click here.
More about Katapult Holdings
Katapult Holdings operates in the financial services industry, providing point-of-sale lease-to-own financing solutions through subsidiaries such as Katapult SPV-1 LLC and Katapult Group, Inc. The company partners with lenders and uses structured loan facilities to fund originations, reflecting a capital-intensive model focused on consumer financing and lease originations.
Average Trading Volume: 19,259
Technical Sentiment Signal: Sell
Current Market Cap: $28.73M
For an in-depth examination of KPLT stock, go to TipRanks’ Overview page.