Holley Inc. announced it paid down an additional $25 million in principal against its first lien term loan facility. This debt reduction against Holley?s first lien term loan facility was completed through opportunistic repurchases at a discount to par in November and December and were completed using cash on hand. Combined with the $25 million paydown during September 2023, Holley has reduced the principal amount outstanding under its first lien term loan facility by $50 million since September 2023 allowing Holley to recognize up to an estimated $2 million in annualized net interest savings.

Holley is committed to further reducing its leverage over the next 12 months.