Holley Performance Brands has proactively reduced debt by an additional $15 million, reaching a total debt repayment of $90 million since September 2023.
The company highlights successful transformation over the past two years, emphasizing the commitment to strengthening the balance sheet and enhancing financial flexibility.
The recent debt paydown reflects operational excellence, disciplined execution, and strong free cash flow generation.
Debt Reduction Progress
$15 million debt reduction brings total repayment to $90 million since September 2023.
Operational Excellence
Successful transformation and core business growth drive strong cash flow generation.
Financial Flexibility
Commitment to strengthening the balance sheet reflects strategic focus on sustainable growth.
- Holley Performance Brands anticipates achieving a leverage ratio at or below 4.0x by year-end, the lowest level in over three years.
- Opportunistic repurchases of first lien term loan facility funded with free cash flow estimated to result in up to $3.7 million in annualized net interest savings.
The proactive debt reduction initiatives by Holley Performance Brands demonstrate a strategic priority towards strengthening the balance sheet and enhancing financial flexibility, positioning the company for sustainable growth and increased shareholder value.