Holley makes $15 million voluntary debt prepayment
HLLY•Interest savings and leverage target
The cumulative debt reductions are expected to deliver more than USD 4.5 million in annualized interest savings.
Management targets net leverage below 3.5x by year-end, down from a peak of 5.67x.
Voluntary debt prepayment funded by free cash flow
Holley made a voluntary USD 15 million debt prepayment, funded entirely with free cash flow.
Total debt repaid since September 2023 reached USD 115 million.
