Mondee Finalizes Long-Term Extensions of Term Loan and Preferred Equity with Receipt of $15M Letter of Credit
MONDMondee (MOND) GlobeNewswire News Room·2024-09-18 04:15
  • Term Loan Maturity Extended to June 30, 2028- Preferred Equity Put Option Extended to December 31, 2028- Unlocks at least 20Mofcombined,additionalgrowthworkingcapitalAUSTIN,Texas,Sept.17,2024(GLOBENEWSWIRE)−−MondeeHoldings,Inc.(Nasdaq:MOND)(“Mondee”orthe“Company”),aleadingtravelmarketplaceandartificialintelligence(AI)technologycompany,announcedtodaythatitobtaineda20M of combined, additional growth working capital AUSTIN, Texas, Sept. 17, 2024 (GLOBE NEWSWIRE) -- Mondee Holdings, Inc. (Nasdaq: MOND) (“Mondee” or the “Company”), a leading travel marketplace and artificial intelligence (AI) technology company, announced today that it obtained a 15 million letter of credit from Morgan Stanley, which was a condition to the Company’s previously ann ...