Holley Repays Additional $15M Debt; Total $115M Since Sept 2023

Holley Performance Brands announced an additional $15 million voluntary prepayment of debt, bringing the total debt repaid to $115 million since September 2023. This deleveraging, funded entirely by free cash flow, is expected to generate over $4.5 million in annualized interest savings. The company aims to reduce its net leverage from a peak of 5.67x to below 3.5x by year-end, emphasizing prudent financial management and operational execution.