Veritone, Inc. (Nasdaq: VERI), a leader in enterprise AI and data solutions, has announced the completion of a strategic debt reduction transaction with certain of its lenders. The company has fully retired its senior secured credit facility, paying down $31.8 million in principal, along with accrued interest and a prepayment premium. Additionally, Veritone repaid approximately 50% of its outstanding convertible notes, totaling $45.7 million. The combined debt reduction amounts to roughly $77.5 million. This transaction significantly lowers Veritone’s annualized debt carrying costs by approximately $13.0 million per year. It also releases about $15.0 million in previously restricted cash, eliminates senior secured debt covenants, and fully lifts all related liens on company assets. Ryan Steelberg, CEO of Veritone, stated, “We now have a capital structure free of onerous and restrictive debt, allowing us to more efficiently capture the increasing customer demand for our AI-enabled solutions. With the massive opportunity to deliver innovative AI and data products globally, the paydown of our debt materially improves our financial profile.” In connection with the transaction, Veritone plans to host an analyst and investor forum titled “Veritone and the AI and Data Economy” on December 1, 2025. The event will feature updates on strategic initiatives, market trends, product demonstrations, and customer success stories. More information, including registration details, will be available on the company’s investor relations website at investors.veritone.com. Veritone builds enterprise AI and data solutions for commercial and public sector clients. Its aiWARE™ platform orchestrates a growing ecosystem of machine learning models, transforming data into actionable intelligence. By combining human expertise with AI, Veritone helps organizations improve decision-making, operational efficiency, and profitability. The company’s forward-looking statements, including projections on cash position and debt levels, are based on current assumptions and are subject to risks and uncertainties. These include the need for additional capital, market adoption of AI technologies, customer concentration, integration of acquisitions, internal control weaknesses, economic and geopolitical disruptions, competitive pressures, and technology or infrastructure issues. For a full list of risk factors, readers are directed to Veritone’s filings with the SEC, including its most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. The company undertakes no obligation to update forward-looking statements except as required by law.