Turtle Beach restructures credit to boost share buybacks under $75M authorization

Turtle Beach Corporation has restructured its credit facilities, replacing a $150 million credit agreement with an $80 million revolving asset-based lending facility and an $85 million term loan. This new structure enhances the company's financial flexibility and supports its capital return program, specifically expanding its ability to repurchase shares under its $75 million buyback authorization. Since 2024, Turtle Beach has repurchased about $49 million of stock and has $56 million remaining in its current buyback program. The company aims to continue opportunistic share repurchases, leveraging the new credit terms to create shareholder value amid expected growth in the gaming market.