Porch Group, Inc. announced on June 2, 2025, the repurchase of an additional $8.9 million of its 0.75% Senior Unsecured Convertible Notes due September 2026. This transaction was completed for approximately $8.46 million in cash, or 95% of par, through a privately negotiated agreement on May 29, 2025.
This repurchase further reduces the company's near-term debt obligations. The board of directors had previously authorized management to repurchase the remaining $29 million of 2026 Notes.
Porch Group expects to retire the remaining $21 million of 2026 Notes using existing balance sheet cash. This ongoing debt reduction strategy aims to strengthen the company's financial position and optimize its capital structure.
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