Taboola Announces Successful Completion of Debt Refinancing, Significantly Reducing Annual Interest Expenses

Core Insights - Taboola has secured a new $270 million revolving credit facility, which will be used to pay off the remaining $123.2 million of its prior term loan, resulting in estimated annual interest savings of approximately $3 to $5 million [1][2]. Financial Impact - The refinancing reduces the company's cost of capital, strengthens liquidity, and extends debt maturities to 2030 [2]. - The new facility provides approximately $180 million in additional debt capacity, enhancing financial flexibility [6]. Business Strategy - The financing supports Taboola's ability to invest in profitable growth while maintaining an aggressive share buyback program [2]. - Taboola's advertising technology aims to deliver measurable outcomes at scale, empowering businesses to grow beyond traditional search and social platforms [3]. Market Position - Taboola collaborates with thousands of businesses, reaching around 600 million daily active users through its ad platform, Realize [4]. - Major publishers like NBC News and Yahoo, along with OEMs such as Samsung and Xiaomi, utilize Taboola's technology to enhance audience engagement and revenue [4].