Latest news with #MichaelG.Potter
Business Wire
02-07-2025
- Business
- Business Wire
Corsair Gaming Refinances Loan Facility with Bank of America
MILPITAS, Calif.--(BUSINESS WIRE)--Corsair Gaming, Inc. (Nasdaq: CRSR) ('Corsair' or the 'Company'), a leading global provider and innovator of high-performance products for gamers, streamers, content-creators, gaming PC builders and SIM driving enthusiasts, today announced it has refinanced its existing revolving and term loan credit facility with a new $100 million revolving credit facility and $125 million term loan facility with Bank of America. The new term loan balance also reflects a $24 million repayment made in Q2 2025. Borrowings under the new Bank of America credit facilities bear interest at a rate equal to either a base rate or term SOFR, plus an applicable margin that varies based on the Company's consolidated total net leverage ratio. The current interest rate for SOFR borrowings under the new credit facilities is term SOFR plus 1.50%. The maturity date of the new credit facilities is June 30, 2030. The $100 million revolving credit facility continues to remain fully available for general corporate purposes, including working capital, capital expenditures, and other strategic investments. Michael G. Potter, Chief Financial Officer of Corsair, said, "We are pleased to reinforce our long-term relationship with Bank of America. This refinancing reflects our solid financial position and maintains favorable terms and conditions to support Corsair's growth plan, with added flexibility to act on growth investments that we deem to be a strategic fit.' About Corsair Gaming Corsair (Nasdaq: CRSR) is a leading global developer and manufacturer of high-performance products and technology for gamers, content creators, and PC enthusiasts. From award-winning PC components and peripherals to premium streaming equipment and smart ambient lighting, Corsair delivers a full ecosystem of products that work together to enable everyone, from casual gamers to committed professionals, to perform at their very best. Corsair also sells products under its Fanatec brand, the leading end-to-end premium Sim Racing product line; Elgato brand, which provides premium studio equipment and accessories for content creators; SCUF Gaming brand, which builds custom-designed controllers for competitive gamers; Drop, the leading community-driven mechanical keyboard brand; and ORIGIN PC brand, a builder of custom gaming and workstation desktop PCs. Forward-Looking Statements This press release contains express and implied forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements regarding the refinancing supporting the Company's growth plan and providing it flexibility to act on growth investments. Forward-looking statements are based on our management's beliefs, as well as assumptions made by, and information currently available to them. Because such statements are based on expectations as to future financial and operating results and are not statements of fact, actual results may differ materially from those projected. Factors which may cause actual results to differ materially from current expectations include, but are not limited to: the Company's limited operating history, which makes it difficult to forecast the Company's future results of operations; current macroeconomic conditions, including the impacts of high inflation and risk of recession, on demand for our products, consumer confidence and financial markets generally; changes in trade regulations, policies, and agreements and the imposition of tariffs that affect our products or operations, including potential new tariffs that may be imposed on U.S. imports and our ability to mitigate; the Company's ability to build and maintain the strength of the Company's brand among gaming and streaming enthusiasts and ability to continuously develop and successfully market new products and improvements to existing products; the introduction and success of new third-party high-performance computer hardware, particularly graphics processing units and central processing units as well as sophisticated new video games; fluctuations in operating results; the loss or inability to attract and retain key management; the impacts from geopolitical events and unrest; delays or disruptions at the Company or third-parties' manufacturing and distribution facilities; and the other factors described under the heading 'Risk Factors' in our Annual Report on Form 10-K for the year ended December 31, 2024 filed with the Securities and Exchange Commission ('SEC') and our subsequent filings with the SEC. All forward-looking statements reflect our beliefs and assumptions only as of the date of this press release. We undertake no obligation to update forward-looking statements to reflect future events or circumstances.
Business Wire
27-05-2025
- Business
- Business Wire
Corsair Gaming to Present at Baird's 2025 Global Consumer, Technology & Services Conference
MILPITAS, Calif.--(BUSINESS WIRE)--Corsair Gaming, Inc. (Nasdaq: CRSR) ('Corsair' or the 'Company'), a leading global provider and innovator of high-performance products for gamers, streamers, content-creators, and gaming PC builders, today announced it will present to institutional investors at Baird's 2025 Global Consumer, Technology & Services Conference, on June 4, 2025, at the InterContinental New York Barclay in New York, NY. A live fireside webcast with management will be available through Corsair's Investor Relations website at 10:50 a.m. Eastern Time on Wednesday, June 4, 2025. Thi La, President and future Chief Executive Officer of Corsair as of July 1, 2025, and Michael G. Potter, Corsair's Chief Financial Officer, will also be available for one-on-one and small group meetings with institutional investors at the conference to discuss the Company's recent financial results, business trends and growth opportunities. About Corsair Gaming Corsair (Nasdaq: CRSR) is a leading global developer and manufacturer of high-performance products and technology for gamers, content creators, and PC enthusiasts. From award-winning PC components and peripherals to premium streaming equipment and smart ambient lighting, Corsair delivers a full ecosystem of products that work together to enable everyone, from casual gamers to committed professionals, to perform at their very best. Corsair also sells products under its Fanatec brand, the leading end-to-end premium Sim Racing product line; Elgato brand, which provides premium studio equipment and accessories for content creators; SCUF Gaming brand, which builds custom-designed controllers for competitive gamers; Drop, the leading community-driven mechanical keyboard brand; and ORIGIN PC brand, a builder of custom gaming and workstation desktop PCs.
Associated Press
27-05-2025
- Business
- Associated Press
Corsair Gaming to Present at Stifel's 2025 Boston Cross Sector Investor Conference
MILPITAS, Calif.--(BUSINESS WIRE)--May 27, 2025-- Corsair Gaming, Inc. (Nasdaq: CRSR) ('Corsair' or the 'Company'), a leading global provider and innovator of high-performance products for gamers, streamers, content-creators, and gaming PC builders, today announced it will present to institutional investors at Stifel's 2025 Boston Cross Sector Investor Conference, on June 3, 2025, at the InterContinental Boston. Thi La, President and future Chief Executive Officer of Corsair as of July 1, 2025, and Michael G. Potter, Corsair's Chief Financial Officer, will meet with institutional investors at the conference to discuss the Company's recent financial results, business trends and growth opportunities.. About Corsair Gaming Corsair (Nasdaq: CRSR) is a leading global developer and manufacturer of high-performance products and technology for gamers, content creators, and PC enthusiasts. From award-winning PC components and peripherals to premium streaming equipment and smart ambient lighting, Corsair delivers a full ecosystem of products that work together to enable everyone, from casual gamers to committed professionals, to perform at their very best. Corsair also sells products under its Fanatec brand, the leading end-to-end premium Sim Racing product line; Elgato brand, which provides premium studio equipment and accessories for content creators; SCUF Gaming brand, which builds custom-designed controllers for competitive gamers; Drop, the leading community-driven mechanical keyboard brand; and ORIGIN PC brand, a builder of custom gaming and workstation desktop PCs. View source version on CONTACT: Investor Relations Contact: David Pasquale [email protected] 914-337-8801Media Contact: Timothy Biba [email protected] 203-428-3222 KEYWORD: CALIFORNIA UNITED STATES NORTH AMERICA INDUSTRY KEYWORD: TECHNOLOGY ELECTRONIC GAMES OTHER RETAIL ENTERTAINMENT PUBLIC RELATIONS/INVESTOR RELATIONS OTHER TECHNOLOGY ELECTRONIC COMMERCE COMMUNICATIONS HARDWARE RETAIL SOURCE: Corsair Gaming, Inc. Copyright Business Wire 2025. PUB: 05/27/2025 06:00 AM/DISC: 05/27/2025 05:59 AM
Yahoo
27-05-2025
- Business
- Yahoo
Corsair Gaming to Present at Stifel's 2025 Boston Cross Sector Investor Conference
MILPITAS, Calif., May 27, 2025--(BUSINESS WIRE)--Corsair Gaming, Inc. (Nasdaq: CRSR) ("Corsair" or the "Company"), a leading global provider and innovator of high-performance products for gamers, streamers, content-creators, and gaming PC builders, today announced it will present to institutional investors at Stifel's 2025 Boston Cross Sector Investor Conference, on June 3, 2025, at the InterContinental Boston. Thi La, President and future Chief Executive Officer of Corsair as of July 1, 2025, and Michael G. Potter, Corsair's Chief Financial Officer, will meet with institutional investors at the conference to discuss the Company's recent financial results, business trends and growth opportunities.. About Corsair Gaming Corsair (Nasdaq: CRSR) is a leading global developer and manufacturer of high-performance products and technology for gamers, content creators, and PC enthusiasts. From award-winning PC components and peripherals to premium streaming equipment and smart ambient lighting, Corsair delivers a full ecosystem of products that work together to enable everyone, from casual gamers to committed professionals, to perform at their very best. Corsair also sells products under its Fanatec brand, the leading end-to-end premium Sim Racing product line; Elgato brand, which provides premium studio equipment and accessories for content creators; SCUF Gaming brand, which builds custom-designed controllers for competitive gamers; Drop, the leading community-driven mechanical keyboard brand; and ORIGIN PC brand, a builder of custom gaming and workstation desktop PCs. View source version on Contacts Investor Relations Contact:David Pasqualeir@ 914-337-8801 Media Contact: Timothy Bibatbiba@ 203-428-3222 Error while retrieving data Sign in to access your portfolio Error while retrieving data
Business Wire
27-05-2025
- Business
- Business Wire
Corsair Gaming to Present at Stifel's 2025 Boston Cross Sector Investor Conference
MILPITAS, Calif.--(BUSINESS WIRE)--Corsair Gaming, Inc. (Nasdaq: CRSR) ('Corsair' or the 'Company'), a leading global provider and innovator of high-performance products for gamers, streamers, content-creators, and gaming PC builders, today announced it will present to institutional investors at Stifel's 2025 Boston Cross Sector Investor Conference, on June 3, 2025, at the InterContinental Boston. Thi La, President and future Chief Executive Officer of Corsair as of July 1, 2025, and Michael G. Potter, Corsair's Chief Financial Officer, will meet with institutional investors at the conference to discuss the Company's recent financial results, business trends and growth opportunities.. About Corsair Gaming Corsair (Nasdaq: CRSR) is a leading global developer and manufacturer of high-performance products and technology for gamers, content creators, and PC enthusiasts. From award-winning PC components and peripherals to premium streaming equipment and smart ambient lighting, Corsair delivers a full ecosystem of products that work together to enable everyone, from casual gamers to committed professionals, to perform at their very best. Corsair also sells products under its Fanatec brand, the leading end-to-end premium Sim Racing product line; Elgato brand, which provides premium studio equipment and accessories for content creators; SCUF Gaming brand, which builds custom-designed controllers for competitive gamers; Drop, the leading community-driven mechanical keyboard brand; and ORIGIN PC brand, a builder of custom gaming and workstation desktop PCs.
