<a href="https://laohu8.com/S/VERI">Veritone Inc.</a> Announces Full Repayment of Term Loan Facility and Repurchase of Convertible Notes
Veritone Inc. has announced plans to repay in full its outstanding Term Loan Facility on November 12, 2025, for a total of $36.7 million in cash. This amount includes the principal of $31.8 million, accrued interest of $0.5 million, and a prepayment premium equal to 14% of the principal. Following this payment, all obligations under the Term Loan Facility will be terminated. Additionally, Veritone has entered into agreements to repurchase approximately 50% of its outstanding 1.75% Convertible Senior Notes due 2026, totaling about $45.7 million in principal. The repurchase will be settled with approximately $39.0 million in cash and the issuance of 625,000 shares of common stock. After completion, about $45.6 million in principal of the notes will remain outstanding. The company noted that these transactions could impact the market price of its common stock.
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