Firy Inc. (FIRY) plans $80M partial redemption of 2026 notes
Rhea-AI Filing Summary
Firy Inc. stated that on August 4, 2026 it delivered a notice of partial redemption for $80.0 million aggregate principal amount of its 10.250% Secured Notes due 2026. The notes selected for redemption will be redeemed on August 14, 2026 at 100.000% of principal, plus any accrued and unpaid interest.
As of August 4, 2026, there was $129,671,000 aggregate principal amount of these notes outstanding. UMB Bank, N.A. is serving as trustee for the notes and as paying agent in connection with the partial redemption.
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8-K Event Classification
2 items: 8.01, 9.01
2 items
Item 8.01
Other Events
Other
Voluntary disclosure of events the company deems important to shareholders but not covered by other items.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Key Figures
Partial redemption amount: $80.0 million
Coupon rate: 10.250%
Redemption price: 100.000% of principal amount
+2 more
5 metrics
Partial redemption amount
$80.0 million
Aggregate principal amount of 10.250% Secured Notes due 2026 to be redeemed
Coupon rate
10.250%
Interest rate on the Secured Notes due 2026
Redemption price
100.000% of principal amount
Price for the partial redemption, plus accrued and unpaid interest, if any
Notes outstanding
$129,671,000
Aggregate principal amount of the Notes outstanding as of August 4, 2026
Redemption date
August 14, 2026
Scheduled date for the partial redemption of the Notes
Key Terms
partial redemption, Secured Notes, redemption price, paying agent
4 terms
partial redemption financial
"delivered a notice of partial redemption to redeem $80.0 million"
Secured Notes financial
"the Company’s outstanding 10.250% Secured Notes due 2026"
Secured notes are loans issued as tradable bonds that are tied to specific assets—like a mortgage is tied to a house—so if the borrower can’t pay, holders have a legal claim on that collateral. For investors this usually means lower risk and higher chance of recovering money in a default, but returns tend to be smaller than for unsecured debt and the real safety depends on the value and legal strength of the pledged assets.
redemption price financial
"at a redemption price of 100.000% of the principal amount"
The redemption price is the amount of money a person receives when they sell or redeem a bond or investment before it matures. It’s important because it determines how much you get back and can affect your overall profit or loss on the investment. Think of it like the price you get when returning a gift card early—it's the value you receive at that time.
paying agent financial
"UMB Bank, N.A. is serving as the trustee for the Notes and as the paying agent"
A paying agent is a bank or company that helps deliver payments, like interest or dividends, to investors. It’s like a trusted middleman who makes sure everyone gets their money on time, so investors don’t have to handle the details themselves.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did Firy Inc. (FIRY) announce about its 2026 secured notes?
Firy Inc. announced a partial redemption of $80.0 million aggregate principal of its 10.250% Secured Notes due 2026. The selected notes will be redeemed on August 14, 2026 at 100.000% of principal plus accrued and unpaid interest, if any.
How much of Firy Inc. (FIRY) 10.250% Secured Notes is currently outstanding?
As of August 4, 2026, Firy Inc. had $129,671,000 aggregate principal amount of its 10.250% Secured Notes due 2026 outstanding. The company plans to redeem $80.0 million of this total in the announced partial redemption.
What is the redemption price for Firy Inc. (FIRY) notes being redeemed?
The notes will be redeemed at a redemption price of 100.000% of principal, plus any accrued and unpaid interest. This price applies to the $80.0 million aggregate principal amount of Firy Inc.’s 10.250% Secured Notes due 2026 selected for redemption.
When will Firy Inc. (FIRY) complete the partial redemption of its notes?
Firy Inc. expects to complete the partial redemption on August 14, 2026. On that date, the company will redeem $80.0 million of its 10.250% Secured Notes due 2026 at 100.000% of principal, plus accrued and unpaid interest, if any.
Who is the trustee and paying agent for Firy Inc. (FIRY) 2026 secured notes?
UMB Bank, N.A. serves as both the trustee for Firy Inc.’s 10.250% Secured Notes due 2026 and the paying agent for the announced partial redemption of $80.0 million scheduled for August 14, 2026.