FIRY to Redeem Remaining $49.7 Million of Notes, Completing Full Repayment of $300 Million Debt
Business Wire•06/10/2026•08:45 ET
0
Key Highlights
- ➤$49.7 million notes redemption completes repayment of FIRY’s $300 million debt
- ➤October redemption expected to save approximately $0.8 million in cash interest
- ➤August and October redemptions expected to save approximately $3.6 million in cash interest
- ➤FIRY expects no outstanding borrowed debt entering 2027
- ➤FIRY reiterates modest positive 2027 operating cash flow guidance
Expert Statements
Andrew Paradise, CEO and Founder of FIRY
“The December 15 debt wall is coming down”
Andrew Paradise, CEO and Founder of FIRY
“This redemption completes the retirement of our $300 million Notes ahead of their maturity, with no new capital raised and no shareholder dilution. We believe we have the capital to run and grow our businesses and fund our litigation if necessary. Going forward, we expect to use debt when we believe it can enhance equity returns. The next chapter is about what we build from here.”
Alex Walsh, CFO of FIRY
“Retiring the Notes is another step in our 100-year journey”
Alex Walsh, CFO of FIRY
“We expect to enter 2027 without outstanding borrowed debt and with greater flexibility. Without debt service, more cash will be available to invest in the businesses as we focus on growing revenue and AEBITDA, supporting our guidance of modest positive operating cash flow in 2027 and revenue more than doubling from 2025 to 2028. We will consider debt in the future when we believe it enhances equity returns.”
FIRY to Redeem Remaining $49.7 Million of Notes, Completing Full Repayment of $300 Million Debt
Early debt redemption with no new capital raised and no shareholder dilution
Get started
Create a free account to read the full story.