Katapult Holdings, Inc. — Form 8-K

Katapult Intermediate Holdings (Borrower), with Katapult Holdings as parent, entered into a Term Loan Agreement dated August 11, 2026, with BP Commercial Funding Trust III, Series SPL-XIV as Administrative Agent. Total commitments: $145M Initial Term Loan (drawn immediately on Closing Date) plus $55M Delayed Draw Term Loans (available through August 11, 2028). Interest rate: 20% cash plus 5% PIK (payment-in-kind, capitalized). Maturity: 3 years from Closing Date. Prepayment fees apply through February 2029. Lenders are unnamed on Schedule 2.01. All Obligations secured by first-priority liens on substantially all Borrower assets.