Firy Inc. operates a mobile game platform. The company's platform helps developers create franchises by enabling social competition in their games. It hosts casual eSports tournaments for mobile players.
FIRY to Redeem Remaining $49.7 Million of Notes, Completing Full Repayment of $300 Million Debt
Firy Inc. delivered notice to redeem the remaining $49.7 million of its 10.25% Secured Notes due 2026 on October 15, completing retirement of the full $300 million debt ahead of the December maturity.
The redemption is funded by proceeds from the sale of its Exit Games equity stake, with no new capital raised and no shareholder dilution, and leaves the company with no outstanding borrowed debt once the indenture is discharged.
Management expects $3.6 million in combined cash interest savings and guided to modest positive operating cash flow in 2027 with revenue more than doubling from 2025 to 2028.