08:07 AM EST, 11/13/2025 (MT Newswires) -- Veritone ( VERI ) said Thursday it has reduced its debt by around $77.5 million with the closing of a transaction with certain of its lenders.

The transaction involves the payment of all outstanding principal amounts due under its senior secured credit facility of $31.8 million, and approximately 50% of its outstanding convertible notes totaling $45.7 million, Veritone ( VERI ) said.

The transaction reduces Veritone's ( VERI ) debt carrying costs by about $13 million annually and frees up around $15 million of previously restricted cash, the company said.