Direct digital holdings announces new $5 million revolving credit facility with east west bank

Houston , july 13, 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 it has entered into a $5 million revolving credit facility (the "credit facility") with east west bank. in addition to the principal amount of up to $5 million, the company has access to up to an additional $5 million uncommitted incremental revolving facility, which may increase the aggregate principal amount of the credit facility to $10 million.
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