Holley Performance Brands Reduces Debt by $100 Million in Two Years
Debt Reduction Announcement: Holley Performance Brands has proactively reduced its debt by an additional $10 million, totaling $100 million in repayments since September 2023, reflecting a commitment to strengthen its balance sheet and enhance financial flexibility.
Positive Financial Outlook: The company's CFO, Jesse Weaver, emphasized that the debt repayment demonstrates the effectiveness of their transformation strategy, highlighting disciplined operations and strong cash flow generation.
Interest Savings: Holley anticipates that these debt prepayments will result in up to $4 million in annualized net interest savings, further contributing to their financial health.
Company Overview: Holley Performance Brands specializes in high-performance automotive products and is known for its innovative approach and strategic acquisitions, aiming to enhance the enthusiast experience and drive growth in the automotive aftermarket industry.
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