Firy Inc. Redeems $80M of 10.25% Secured Notes Due 2026

What Happened Firy Inc. (formerly Skillz Inc.) filed an 8-K (Item 8.01) reporting that on August 14, 2026 the company redeemed $80.0 million in aggregate principal amount of its outstanding 10.250% Secured Notes due 2026. The redemption was at a price of 100.000% of principal plus accrued and unpaid interest. After this redemption, $49,671,000 in principal of those Notes remained outstanding.

Key Details

• Redemption date: August 14, 2026.
• Amount redeemed: $80.0 million aggregate principal.
• Redemption price: 100.000% of principal plus accrued and unpaid interest.
• Remaining principal outstanding after redemption: $49,671,000.

Why It Matters Paying down a portion of the company’s high-yield secured notes reduces the total amount of near-term debt outstanding, which can affect interest expense and leverage metrics. Investors should note the reduced principal remaining on the 10.25% notes (now $49.671M), the cash outflow or financing used to fund the redemption (not detailed in the 8-K), and any potential impact on the company’s liquidity and upcoming interest obligations. This filing is informational about the debt repayment action rather than operational results.