System1 reduces debt by $152.6 million in exchange with lenders
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System1 Strengthens Capital Structure and Reduces Total Debt Through Exchange Transaction With Lenders
June 1, 2026 9:00 AM EDTSecures new $150.0 million term loan with extended maturity to 2031, replacing $302.6 million existing outstanding term loan and revolver. Participation from all existing term loan and revolver lenders. Enhances long-term financial flexibility and supports strategic execution. Transaction expected to close in the third quarter of 2026, subject to shareholder approval.
LOS ANGELES--(BUSINESS WIRE)-- System1, Inc. (NYSE: SST) (System1 or the Company), which operates flagship internet utilities including CouponFollow, MapQuest, and Startpage.com, and a best-in-class customer... More
