Holley Performance Brands Accelerates Debt Reduction and on Track to Reach Lowest Leverage in Over Three Years

Core Insights - Holley Performance Brands has proactively reduced its debt by an additional $15 million, totaling $90 million in debt repayment since September 2023, demonstrating its commitment to strengthening its balance sheet and enhancing financial flexibility [1][2] - The recent debt paydown was executed through opportunistic repurchases of its first lien term loan facility at a discount, funded entirely with free cash flow, which is expected to generate up to $3.7 million in annualized net interest savings [2] Financial Performance - The company has experienced strong free cash flow generation, which has contributed to its ability to reduce debt and strengthen its balance sheet [2] - Holley expects to achieve a leverage ratio at or below 4.0x by year-end, marking its lowest level in over three years [2] Strategic Focus - Holley Performance Brands is recognized for its operational excellence and disciplined execution across teams, which has fueled core business growth for two consecutive quarters [2] - The company is committed to enhancing the enthusiast experience and driving growth through innovation, focusing on four consumer vertical groupings: Domestic Muscle, Modern Truck & Off-Road, Euro & Import, and Safety & Racing [4]