Turtle Beach secures waiver for up to $5M in share repurchases, pays down $5M debt

Turtle Beach Corp

Amendment No. 2 allows share repurchases up to $5 million before June 30, 2025.
Company to pay down $5 million of outstanding term loan debt as part of amendment.
Separately pursuing refinancing of loan balance on improved terms; update to come.
New $75 million share repurchase authorization was announced on May 8, 2025.
Management cites confidence in balance sheet and long-term outlook.

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