Holley Performance Brands announced an additional $15 million debt reduction, bringing total debt repayment since September 2023 to $90 million. This proactive deleveraging was executed through opportunistic repurchases of its first lien term loan facility at a discount, funded entirely with free cash flow.
The company expects to achieve a leverage ratio at or below 4.0x by year-end, which would mark its lowest level in more than three years. This milestone reflects the impact of Holley's successful transformation over the last two years and its commitment to strengthening the balance sheet.
These cumulative debt repayments are estimated to drive up to $3.7 million in annualized net interest savings. This financial discipline enhances Holley's financial flexibility and builds investor confidence in its ability to deliver sustained value and growth.
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