Direct digital holdings announces new $5 million revolving credit facility with silicon valley bank

Houston , feb. 21, 2023 /prnewswire/ -- direct digital holdings, inc. (nasdaq: drct) ("direct digital holdings" or the "company"), a leading advertising and marketing technology platform operating through its companies colossus media, llc ("colossus ssp"), huddled masses llc ("huddled masses") and orange142, llc ("orange142"), is pleased to announce its entry into the $5 million revolving credit facility with silicon valley bank, as filed with the sec on a form 8-k on january 11, 2023.  in addition to the principal amount of $5 million, direct digital holdings has access to an additional $2.5 million incremental revolving facility, subject to the lender's consent, which may increase the aggregate principal amount of the credit facility to $7.5 million.
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