Loan & DebtJul 14, 2026, 08:46 AM
Holley Repays $15M Debt, Totaling $115M Since 2023
AI Summary
Holley Inc. announced an additional $15 million voluntary prepayment of its first lien term loan facility. This action brings the total debt repaid by the company to $115 million since September 2023, all funded through free cash flow. The company expects these debt reduction efforts to generate over $4.5 million in annualized interest savings and aims to lower net leverage to below 3.5x by year-end.
Key Highlights
- Holley made an additional $15 million voluntary prepayment of debt.
- Total debt repaid since September 2023 now stands at $115 million.
- The debt repayment was funded entirely with free cash flow.
- Expected annualized interest savings from debt reduction exceed $4.5 million.
- Company aims to reduce net leverage from 5.67x to below 3.5x by year-end.
Price Impact
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