Veritone Slashes $77.5m Debt, Cuts Annual Debt Carrying Costs

Veritone Inc.reduced its total debt by $77.5 million, fully retiring its senior secured credit facility of $31.8 million and paying down 50% of its outstanding convertible notes totaling $45.7 million.

• Annual debt carrying costs decreased by over 90% to $0.8 million
• Transaction also freed up $15 million of previously restricted cash
• Reduces Veritone’s annualized debt carrying costs, saving $13 million annually
• Company terminated senior secured debt covenants and released liens in full
• Veritone plans to host an analyst and investor forum on December 1, 2025
• Shares up 1.8% in early NY trading

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