Holley Performance Products Inc. announced that it has significantly improved its capital structure and liquidity through a successful voluntary bankruptcy reorganization that became effective on June 22, 2010. As a result of the reorganization, the Company reduced its debt by over $59 million and obtained new credit arrangements, including a revolving credit facility which provides the Company with substantial flexibility to pursue its growth initiatives.
Holley was originally founded in 1903 by brothers George and Earl Holley and has continuously provided iconic automotive aftermarket products that enhance vehicle performance through increased horsepower, torque, and drivability. Holley products have provided the flow of fuel and air to notable vehicles including the original Model T, World War II fighter aircraft, the hottest factory performance cars of the muscle car era, every NASCAR Cup Series race car, and the majority of winning NHRA Pro Stock race cars.
More information about Holley and its products may be found at www.holley.com.
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