November 13, 2025 — Leads & Copy — Veritone, Inc. (Nasdaq: VERI) has finalized an agreement with its lenders to reduce its overall debt by approximately $77.5 million.
The transaction includes paying off all outstanding principal amounts, totaling $31.8 million, under its senior secured credit facility, along with interest and a prepayment premium. Additionally, the company will pay approximately 50% of its outstanding convertible notes, amounting to $45.7 million.
Veritone anticipates annual savings of around $13.0 million due to the considerable reduction in annualized debt carrying costs. The agreement also frees up roughly $15.0 million of previously restricted cash, ends senior secured debt covenants, and releases all liens.
Veritone CEO Ryan Steelberg said the new capital structure is free of onerous and restrictive debt, allowing the company to more efficiently meet growing customer demand for its AI-enabled solutions. Steelberg added that the debt paydown improves the company’s financial profile, allowing it to capitalize on opportunities to provide innovative AI and data products across the globe.
The company also announced it will host an analyst and investor forum, “Veritone and the AI and Data Economy,” on December 1, 2025. During the forum, Veritone leadership plans to provide updates on its strategic initiatives, discuss market dynamics, showcase its AI and data solutions, and highlight customer success stories.
Additional details regarding the analyst and investor forum, including registration information, will be available on the company’s investor relations website.
About Veritone:
Veritone (NASDAQ: VERI) develops enterprise AI and data solutions for customers across various commercial and public sector industries. Its software and services enable organizations to operate more efficiently, accelerate decision-making, and increase profitability. Veritone’s enterprise AI platform, aiWARE™, is designed to transform data sources into actionable intelligence by orchestrating a growing ecosystem of machine learning models. By combining human expertise with AI technology, Veritone aims to enhance human potential and help organizations solve problems and achieve more.
Ryan Steelberg, CEO
Safe Harbor Statement:
This news release contains forward-looking statements. Actual results could differ due to various factors, as outlined in the company’s most recently-filed Annual Report on Form 10-K, its Quarterly Reports on Form 10-Q, and other periodic reports filed with the Securities and Exchange Commission. The company undertakes no obligation to revise or update any forward-looking statements for any reason, except as required by law.
Source: Veritone
