Holley Inc. (HLLY) Announces $25M Debt Paydown
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Holley Announces $25 Million Debt Paydown in Line With Stated Financial Priorities
September 29, 2023 7:30 AM EDTHolley committed to using strong free cash flow to continue deleveraging the balance sheet
BOWLING GREEN, Ky.--(BUSINESS WIRE)-- Holley Inc. (NYSE: HLLY), the leading consumer platform for automotive performance enthusiasts, today announced it paid down $25 million in principal against its first lien term loan facility. Accretive to earnings, the paydown aligns with leaderships commitment to reduce leverage against Holleys balance sheet as it executes its operational improvement plan which includes restoring profitability, improving free cash flow, and optimizing working... More
