Taboola Announces Successful Completion of Debt Refinancing, Significantly Reducing Annual Interest Expenses
Taboola (TBLA) has successfully secured a new $270 million revolving credit facility, using the proceeds to fully repay its existing term loan balance of $123.2 million. The refinancing is expected to generate annual interest savings of $3 to $5 million at current rates.
Key benefits of the new facility include increased financial flexibility through lower average debt balance potential, extended debt maturities to 2030, and approximately $180 million in additional debt capacity. The transaction was facilitated by Bank of America, Citibank, and Valley National Bank acting as key financial partners.
Taboola (TBLA) ha ottenuto con successo un nuovo prestito revolving di 270 milioni di dollari, utilizzando i proventi per ripagare completamente il suo saldo di prestito a termine esistente di 123,2 milioni di dollari. Si prevede che il rifinanziamento generi un risparmio annuale sugli interessi di 3-5 milioni di dollari ai tassi attuali.
I principali vantaggi della nuova struttura includono una maggiore flessibilità finanziaria grazie a un potenziale saldo medio del debito più basso, scadenze del debito estese fino al 2030 e circa 180 milioni di dollari di capacità di indebitamento aggiuntiva. L'operazione è stata facilitata da Bank of America, Citibank e Valley National Bank, che hanno agito come partner finanziari chiave.
Taboola (TBLA) ha asegurado con éxito una nueva línea de crédito revolvente de 270 millones de dólares, utilizando los ingresos para pagar completamente su saldo de préstamo a plazo existente de 123,2 millones de dólares. Se espera que el refinanciamiento genere ahorros anuales en intereses de 3 a 5 millones de dólares a las tasas actuales.
Los beneficios clave de la nueva línea incluyen una mayor flexibilidad financiera a través de un saldo promedio de deuda más bajo, vencimientos de deuda extendidos hasta 2030 y aproximadamente 180 millones de dólares en capacidad de deuda adicional. La transacción fue facilitada por Bank of America, Citibank y Valley National Bank, actuando como socios financieros clave.
Taboola (TBLA)는 성공적으로 새로운 2억 7천만 달러의 회전 신용 시설을 확보하였으며, 이 자금을 사용하여 기존의 만기 대출 잔액인 1억 2천 3백 20만 달러를 완전히 상환했습니다. 이번 재융자는 현재 금리로 300만에서 500만 달러의 연간 이자 절감을 가져올 것으로 예상됩니다.
새로운 시설의 주요 이점으로는 평균 부채 잔액 감소를 통한 재정적 유연성 증가, 2030년까지의 부채 만기 연장, 그리고 약 1억 8천만 달러의 추가 부채 용량이 포함됩니다. 이번 거래는 Bank of America, Citibank 및 Valley National Bank가 주요 금융 파트너로서 지원했습니다.
Taboola (TBLA) a réussi à obtenir une nouvelle ligne de crédit renouvelable de 270 millions de dollars, utilisant les recettes pour rembourser intégralement son solde de prêt à terme existant de 123,2 millions de dollars. Le refinancement devrait générer des économies annuelles d'intérêts de 3 à 5 millions de dollars aux taux actuels.
Les principaux avantages de la nouvelle ligne incluent une flexibilité financière accrue grâce à un solde moyen de dette potentiellement plus bas, des échéances de dette prolongées jusqu'en 2030, et environ 180 millions de dollars de capacité d'endettement supplémentaire. La transaction a été facilitée par Bank of America, Citibank et Valley National Bank, agissant comme partenaires financiers clés.
Taboola (TBLA) hat erfolgreich eine neue 270 Millionen Dollar revolvierende Kreditlinie gesichert und die Erlöse verwendet, um den bestehenden Darlehenssaldo von 123,2 Millionen Dollar vollständig zurückzuzahlen. Es wird erwartet, dass die Refinanzierung jährliche Zinsersparnisse von 3 bis 5 Millionen Dollar zu den aktuellen Zinssätzen generiert.
Zu den wichtigsten Vorteilen der neuen Kreditlinie gehören eine erhöhte finanzielle Flexibilität durch ein potenziell niedrigeres durchschnittliches Schuldenniveau, verlängerte Schuldenfälligkeiten bis 2030 und etwa 180 Millionen Dollar an zusätzlicher Schuldenkapazität. Die Transaktion wurde von Bank of America, Citibank und Valley National Bank als wichtige Finanzpartner unterstützt.
- New $270M revolving credit facility secured
- Expected annual interest savings of $3-5M
- $180M additional debt capacity for financial flexibility
- Debt maturities extended to 2030
- Full repayment of existing $123.2M term loan
- None.
NEW YORK, March 19, 2025 (GLOBE NEWSWIRE) -- Taboola (Nasdaq: TBLA), a global leader in delivering performance at scale for advertisers, today announced that it has entered into a new
Other benefits of the new revolving credit facility include:
- Increasing financial flexibility that can allow the company to hold a lower average debt balance and thereby create additional annual interest savings
- Extending the company’s debt maturities to 2030; and
- Providing approximately
$180 million in additional debt capacity for enhanced financial flexibility.
“We are pleased to announce this significant refinancing transaction, which reduces our cost of capital, strengthens our liquidity and extends our debt maturities to 2030,” said Steve Walker, CFO of Taboola. “This financing further strengthens Taboola’s balance sheet and provides us with enhanced financial flexibility, which supports our ability to continue to invest in accelerating profitable growth while maintaining our aggressive share buyback program."
Bank of America, N.A. acted as Administrative Agent; Citibank, N.A., London Branch and Valley National Bank acted as Syndication Agents; and Bank of America, N.A., Citibank, N.A., London Branch and Valley National Bank acted as Joint Bookrunners and Joint Lead Arrangers.
About Taboola
Taboola empowers businesses to grow through performance advertising technology that goes beyond search and social and delivers measurable outcomes at scale.
Taboola works with thousands of businesses who advertise directly on Realize, Taboola’s powerful ad platform, reaching approximately 600M daily active users across some of the best publishers in the world. Publishers like NBC News, Yahoo, and OEMs such as Samsung, Xiaomi and others use Taboola’s technology to grow audience and revenue, enabling Realize to offer unique data, specialized algorithms, and unmatched scale.
Disclaimer – Forward-Looking Statements
Taboola (the “Company”) may, in this communication, make certain statements that are not historical facts and relate to analysis or other information which are based on forecasts or future or results. Examples of such forward-looking statements include, but are not limited to, statements regarding future prospects, product development and business strategies. Words such as “expect,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believes,” “predicts,” “potential,” “continue,” and similar expressions are intended to identify such forward-looking statements but are not the exclusive means for identifying such statements. By their very nature, forward-looking statements involve inherent risks and uncertainties, both general and specific, and there are risks that the predictions, forecasts, projections and other forward-looking statements will not be achieved. You should understand that a number of factors could cause actual results to differ materially from the plans, objectives, expectations, estimates and intentions expressed in such forward-looking statements, including the risks set forth in the Company’s Annual Report on Form 10-K for the year ended December 31, 2024 under Part 1, Item 1A “Risk Factors” and our subsequent filings with the Securities and Exchange Commission. The Company cautions readers not to place undue reliance upon any forward-looking statements, which speak only as of the date made. The Company does not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in its expectations or any change in events, conditions or circumstances on which any such statement is based.
Investor Contacts:
Jessica Kourakos
Aadam Anwar
investors@taboola.com
Press Contact:
Dave Struzzi
press@taboola.com
FAQ
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