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Stock impact report

Turtle Beach Corporation Completes Debt Refinancing

Turtle Beach Corporation (TBCH) 
Company Research Source: GlobeNewswire
SAN DIEGO, Aug. 04, 2025 (GLOBE NEWSWIRE) -- Turtle Beach Corporation (Nasdaq: TBCH, the “Company”), a leading gaming accessories brand, today announced it has completed a comprehensive refinancing of its credit facilities, strengthening the Company’s capital structure and enhancing financial flexibility. Turtle Beach entered into a $150 million new senior secured credit facility with Bank of America, comprising a $90 million revolving credit facility and $60 million term loan. These facilities refinance and replace the Company’s previous debt arrangements and will be used for ongoing working capital and general corporate purposes. Borrowings under the new facility will bear interest at a base rate or term Secured Overnight Financing Rate (SOFR), plus an applicable margin that varies based on the Company’s consolidated total net leverage ratio. The initial interest rate for borrowings under the revolving credit facility and term loan is SOFR plus 325 basis points, representing a r Show less Read more
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