Nexxen International pays down $100 million of debt on April 9

By Mary-Katherine Stinson

Lexington, Ky., April 10 – Nexxen International Ltd. paid down about $100 million of debt on April 9, according to multiple notices.

The payment satisfied all the company’s debt under its existing credit agreement consisting of a term A secured loan, in the amount of $90 million, and the previously drawn down amount of about $10 million under its revolving credit facility.

The credit agreement was entered into on Sept. 12, 2022.

There were no early termination penalties.

The company retains access to its $90 million revolver, which remains undrawn following the repayment.

Additionally, Nexxen amended its credit agreement to enable the additional $50 million ordinary share repurchase program previously announced on March 15.

Formerly Tremor International Ltd., Nexxen is a provider of an end-to-end technology advertising platform, operating across three core capabilities – video, data and connected TV. The company is based in Israel with offices in the United States, Canada, Europe and Asia-Pacific.

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