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Holley Accelerates Deleveraging With Another Proactive Prepayment of Debt, Totaling $115 Million Since 2023

HLLY
  • Holley Performance Brands (NYSE: HLLY) made a $15 million voluntary prepayment of debt on July 14, 2026.
  • Total debt repaid since September 2023 now stands at $115 million, funded entirely with free cash flow.
  • Cumulative debt reduction actions are expected to generate over $4.5 million in annualized interest savings.
  • Management aims to reduce net leverage from a peak of 5.67x to below 3.5x by year-end 2026.
  • The company follows a three-pronged capital allocation framework focusing on reducing leverage, pursuing value-creating M&A, opportunistic shareholder capital returns, opportunistic shareholder capital returns.
  • CFO Jesse Weaver highlighted that operational improvements 3.5x by year-end 2026.
  • The repayment further reduces outstanding borrowings under the Company's debt facilities.
  • Holley expects ongoing debt reduction to support enhanced profitability, stronger cash flow conversion, 3.5x by year-end 2026.
  • The Company operates across four consumer vertical groupings: American Performance, Modern Truck & Off-Road, Euro & Import, 3.5x by year-end 2026.
  • Forward-looking statements are subject to risks including the ability to reduce debt, complete accretive acquisitions, 3.5x by year-end 2026.