FIRY to Redeem Remaining $49.7 Million of Notes, Completing Full Repayment of $300 Million Debt
Firy Inc. delivered notice to redeem the remaining $49.7 million of its 10.25% Secured Notes due 2026 on October 15, completing retirement of the full $300 million debt ahead of the December maturity. The redemption is funded by proceeds from the sale of its Exit Games equity stake, with no new capital raised and no shareholder dilution, and leaves the company with no outstanding borrowed debt once the indenture is discharged.
Key figures
- Coupon
- 10.25%
- Maturity date
- December 15, 2026
- Notes redeemed
- $49.7 million
- Redemption date
- October 15, 2026
- Total debt retired
- $300 million
- Oct interest savings
- $0.8 million
- Total interest savings
- $3.6 million
AI analysis
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