Taboola announces early retirement of $61 million in term loan debt

New york, dec. 22, 2022 (globe newswire) -- taboola (nasdaq: tbla), a global leader in powering recommendations for the open web, today announced the early retirement of approximately $61.3 million in debt under its senior secured term loan facility. taboola repurchased the debt for approximately $60.7 million with available cash on hand. the prepayment is expected to generate annual interest savings of approximately $5 to 6 million. the remaining balance of the term loan facility after the prepayment is approximately $236 million. the term loan facility matures in 2028.
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