Turtle Beach Corporation Amends Debt Agreement and Resumes Share Repurchases

Core Viewpoint - Turtle Beach Corporation has secured a waiver under its existing debt agreement, allowing for share repurchases of up to $5 million before June 30, 2025, as part of a new $75 million authorization, reflecting confidence in its balance sheet and long-term outlook [1][2] Financial Actions - The company will pay down $5 million of its outstanding term loan debt facility as part of the amendment to its debt agreement [1] - Discussions are ongoing to refinance the outstanding loan balance on improved terms, with updates to be provided at an appropriate time [2] Company Overview - Turtle Beach Corporation is a leading provider of gaming accessories, known for its best-selling gaming headsets, top-rated game controllers, and award-winning PC gaming peripherals [3] - The company acquired Performance Designed Products LLC in 2024, further expanding its product offerings [3] - Turtle Beach's shares are traded on the Nasdaq Exchange under the symbol TBCH [3]