debt
confidence high
sentiment positive
materiality 0.60
Holley pays down $25M of first lien term loan; $14M repurchased at discount
Holley Inc.
- Paid down $25M principal on first lien term loan facility using cash on hand.
- $14M repurchased at a discount to par; $11M voluntary prepayment.
- Year-to-date cash flow improved significantly with focus on operational excellence.
- CFO states paydown positions company comfortably below amended covenant ranges.
- Accretive to earnings; aligns with commitment to delever balance sheet.