Banzai Announces $20.3 Million Debt Repayment Ahead of Schedule
Banzai International (NASDAQ: BNZI) has successfully paid off approximately $20.3 million in outstanding debt obligations during Q1 2025, ahead of the scheduled timeline. This debt repayment is part of the previously announced $24.8 million debt payoff and restructuring agreements from September 24, 2024.
The company has fully satisfied debts owed to multiple key vendors and creditors, including Sidley Austin LLP, Cooley LLP, GEM Global Yield SCS, Alco Investment Company, Cantor Fitzgerald, Roth Capital Partners, , J.V.B. Financial Group, , with additional repayments to Perkins Coie LLP and CP BF Lending,
The early debt repayment is expected to provide material benefits to both net income and shareholders' equity, strengthening the company's balance sheet to support its acquisition strategy and organic growth initiatives for 2025.
Banzai International (NASDAQ: BNZI) ha saldato con successo circa $20,3 milioni di obbligazioni di debito in sospeso durante il primo trimestre del 2025, anticipando il termine previsto. Questo rimborso del debito fa parte del già annunciato piano di estinzione e ristrutturazione del debito di $24,8 milioni del 24 settembre 2024.
L'azienda ha completamente soddisfatto i debiti dovuti a diversi fornitori e creditori chiave, tra cui Sidley Austin LLP, Cooley LLP, GEM Global Yield SCS, Alco Investment Company, Cantor Fitzgerald, Roth Capital Partners, J.V.B. Financial Group, con ulteriori rimborsi a Perkins Coie LLP e CP BF Lending.
Il rimborso anticipato del debito si prevede porterà benefici significativi sia al reddito netto che al patrimonio netto degli azionisti, rafforzando il bilancio dell'azienda per sostenere la sua strategia di acquisizione e le iniziative di crescita organica per il 2025.
Banzai International (NASDAQ: BNZI) ha saldado con éxito aproximadamente $20.3 millones en obligaciones de deuda pendientes durante el primer trimestre de 2025, anticipándose al cronograma previsto. Este pago de deuda es parte del plan previamente anunciado de $24.8 millones para la liquidación de deudas y acuerdos de reestructuración del 24 de septiembre de 2024.
La empresa ha satisfecho completamente las deudas con varios proveedores y acreedores clave, incluidos Sidley Austin LLP, Cooley LLP, GEM Global Yield SCS, Alco Investment Company, Cantor Fitzgerald, Roth Capital Partners, J.V.B. Financial Group, y con pagos adicionales a Perkins Coie LLP y CP BF Lending.
Se espera que el pago anticipado de la deuda proporcione beneficios materiales tanto al ingreso neto como al patrimonio de los accionistas, fortaleciendo el balance de la empresa para respaldar su estrategia de adquisición y las iniciativas de crecimiento orgánico para 2025.
반자이 인터내셔널 (NASDAQ: BNZI)는 2025년 1분기 동안 약 $20.3 백만의 미지급 채무를 성공적으로 상환하였으며, 예정된 일정보다 앞서 진행되었습니다. 이 채무 상환은 2024년 9월 24일에 발표된 $24.8 백만의 채무 상환 및 구조조정 계약의 일환입니다.
회사는 Sidley Austin LLP, Cooley LLP, GEM Global Yield SCS, Alco Investment Company, Cantor Fitzgerald, Roth Capital Partners, J.V.B. Financial Group 등 여러 주요 공급업체 및 채권자에게 진 채무를 완전히 이행하였으며, Perkins Coie LLP와 CP BF Lending에 대한 추가 상환도 포함됩니다.
조기 채무 상환은 순이익과 주주 자본 모두에 실질적인 이익을 제공할 것으로 예상되며, 2025년 인수 전략과 유기적 성장 이니셔티브를 지원하기 위해 회사의 재무 구조를 강화할 것입니다.
Banzai International (NASDAQ: BNZI) a réussi à rembourser environ 20,3 millions de dollars d'obligations de dette en cours au cours du premier trimestre 2025, en avance sur le calendrier prévu. Ce remboursement de la dette fait partie de l'accord de remboursement et de restructuration de la dette de 24,8 millions de dollars annoncé le 24 septembre 2024.
L'entreprise a entièrement satisfait ses dettes envers plusieurs fournisseurs et créanciers clés, y compris Sidley Austin LLP, Cooley LLP, GEM Global Yield SCS, Alco Investment Company, Cantor Fitzgerald, Roth Capital Partners, J.V.B. Financial Group, avec des remboursements supplémentaires à Perkins Coie LLP et CP BF Lending.
Le remboursement anticipé de la dette devrait apporter des avantages matériels tant au revenu net qu'aux capitaux propres des actionnaires, renforçant ainsi le bilan de l'entreprise pour soutenir sa stratégie d'acquisition et ses initiatives de croissance organique pour 2025.
Banzai International (NASDAQ: BNZI) hat erfolgreich etwa 20,3 Millionen USD an ausstehenden Schulden im ersten Quartal 2025 vor dem geplanten Zeitrahmen zurückgezahlt. Diese Schuldenrückzahlung ist Teil der zuvor angekündigten 24,8 Millionen USD Schuldenrückzahlungs- und Umstrukturierungsvereinbarungen vom 24. September 2024.
Das Unternehmen hat alle Schulden gegenüber mehreren wichtigen Lieferanten und Gläubigern beglichen, darunter Sidley Austin LLP, Cooley LLP, GEM Global Yield SCS, Alco Investment Company, Cantor Fitzgerald, Roth Capital Partners, J.V.B. Financial Group, sowie zusätzliche Rückzahlungen an Perkins Coie LLP und CP BF Lending.
Die vorzeitige Rückzahlung der Schulden wird voraussichtlich erhebliche Vorteile sowohl für das Nettoergebnis als auch für das Eigenkapital der Aktionäre bringen, wodurch die Bilanz des Unternehmens gestärkt wird, um seine Akquisitionsstrategie und organischen Wachstumsinitiativen für 2025 zu unterstützen.
- Early repayment of $20.3M debt ahead of schedule
- Expected positive impact on net income
- Improvement in shareholders' equity
- Strengthened balance sheet position
- Significant cash outflow of $20.3M for debt repayment
Fully Satisfies Outstanding Debt Obligations to Key Vendors and Delivers Material Benefit to Net Income and Shareholders’ Equity
SEATTLE, April 07, 2025 (GLOBE NEWSWIRE) -- Banzai International, Inc. (NASDAQ: BNZI) (“Banzai” or the “Company”), a leading marketing technology company that provides essential marketing and sales solutions, today announced that it has paid off approximately
The Company completed the debt repayment pursuant to the
“We have executed on our previously announced debt reduction initiatives ahead of schedule to fully satisfy our outstanding obligations to several key vendors and creditors,” said Joe Davy, Founder and CEO of Banzai. “These debt repayments will deliver a material benefit to both net income and shareholders’ equity, reflecting our focus on shoring up the financial strength of the company. The improvement to our balance sheet, in tandem with our acquisition strategy and organic growth initiatives, positions Banzai for substantial fundamental growth in 2025.”
About Banzai
Banzai is a marketing technology company that provides AI-enabled marketing and sales solutions for businesses of all sizes. On a mission to help their customers grow, Banzai enables companies of all sizes to target, engage, and measure both new and existing customers more effectively. Customers who use Banzai's product suite include Autodesk, Dell Technologies, New York Life, Thermo Fisher Scientific, Thinkific, and ActiveCampaign, among thousands of others. Learn more at www.banzai.io. For investors, please visit https://ir.banzai.io.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements often use words such as “believe,” “may,” “will,” “estimate,” “target,” “continue,” “anticipate,” “intend,” “expect,” “should,” “would,” “propose,” “plan,” “project,” “forecast,” “predict,” “potential,” “seek,” “future,” “outlook,” and similar variations and expressions. Forward-looking statements are those that do not relate strictly to historical or current facts. Examples of forward-looking statements may include, among others, statements regarding Banzai International, Inc.’s (the “Company’s”): future financial, business and operating performance and goals; annualized recurring revenue and customer retention; ongoing, future or ability to maintain or improve its financial position, cash flows, and liquidity and its expected financial needs; potential financing and ability to obtain financing; acquisition strategy and proposed acquisitions and, if completed, their potential success and financial contributions; strategy and strategic goals, including being able to capitalize on opportunities; expectations relating to the Company’s industry, outlook and market trends; total addressable market and serviceable addressable market and related projections; plans, strategies and expectations for retaining existing or acquiring new customers, increasing revenue and executing growth initiatives; and product areas of focus and additional products that may be sold in the future. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Forward-looking statements are not guarantees of future performance, and our actual results of operations, financial condition and liquidity and development of the industry in which the Company operates may differ materially from those made in or suggested by the forward-looking statements. Therefore, investors should not rely on any of these forward-looking statements. Factors that may cause actual results to differ materially include changes in the markets in which the Company operates, customer demand, the financial markets, economic, business and regulatory and other factors, such as the Company’s ability to execute on its strategy. More detailed information about risk factors can be found in the Company’s Annual Report on Form 10-K and the Company’s Quarterly Reports on Form 10-Q under the heading “Risk Factors,” and in other reports filed by the Company, including reports on Form 8-K. The Company does not undertake any duty to update forward-looking statements after the date of this press release.
Investor Relations
Chris Tyson
Executive Vice President
MZ Group - MZ North America
949-491-8235
BNZI@mzgroup.us
www.mzgroup.us
Media
Rachel Meyrowitz
Director, Demand Generation, Banzai
media@banzai.io
FAQ
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