Direct Digital Holdings Quarterly report pursuant to Section 13 or 15(d)

Long-Term Debt (Tables)

9 Months Ended

Sep. 30, 2023

As of September 30, 2023, future minimum payments related to long-term debt are as follows for the years ended December 31:


2023	$	163,750
2024		1,310,000
2025		1,310,473
2026		22,411,965
2027		3,337
Thereafter		142,975
Total		25,342,500
Less current portion		(1,146,250)
Less deferred financing costs		(1,722,716)
Long-term debt, net	$	22,473,534

The components of interest expense and related fees for the 2021 Credit Facility are as follows:


	For the Three Months				Nine Months Ended
	Ended				Ended
	September 30,				September 30,
	2023		2022		2023		2022
Interest expense – Lafayette Square	$	895,638	$	696,818	$	2,665,091	$	1,673,648
Amortization of deferred financing costs – Lafayette Square		136,004		128,064		408,012		362,243
Total interest expense and amortization of deferred financing costs	$	1,031,642	$	824,882	$	3,073,103	$	2,035,891

The components of interest expense and related fees for the 2023 Revolving Credit Facility and 2020 Revolving Credit Facility are as follows:


	For the Three Months				Nine Months Ended
	Ended				Ended
	September 30,				September 30,
	2023		2022		2023		2022
Interest expense – 2020 Revolving Credit Facility	$	—	$	3,573	$	—	$	23,391
Amortization of deferred financing costs – 2023 Revolving Credit Facility		26,835		—		26,835		—
Amortization of deferred financing costs – 2020 Revolving Credit Facility		—		33,434		—		100,765
Total interest expense and amortization of deferred financing costs	$	26,835	$	37,007	$	26,835	$	124,156