Taboola announced the early retirement of approximately $61.3M in debt under its senior secured Term Loan Facility. Taboola repurchased the debt for approximately $60.7M with available cash on hand. The prepayment is expected to generate annual interest savings of approximately $5M to $6M. The remaining balance of the Term Loan Facility after the prepayment is approximately $236M. The Term Loan Facility matures in 2028.
Published first on TheFly
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