Turtle Beach (TBCH) has secured a waiver under its existing debt agreement, allowing for share repurchases of up to $5M prior to June 30, 2025 pursuant to its new $75M authorization announced on May 8th. This action reflects the Company’s continued commitment to return capital to shareholders and reinforces management’s confidence in the strength of the Company’s balance sheet and long-term outlook. In addition, as part of the amendment, the Company will pay down $5M of its outstanding term loan debt facility. Separately, the Company is actively engaged in discussions to refinance its outstanding loan balance on improved terms. The Company will provide an update on the refinancing process at the appropriate time.
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