Mondee Finalizes Long-Term Extensions of Term Loan and Preferred Equity with Receipt of $15M Letter of Credit
Mondee Holdings, Inc. - Class A (MOND)
Company Research
Source: GlobeNewswire
- Term Loan Maturity Extended to June 30, 2028- Preferred Equity Put Option Extended to December 31, 2028- Unlocks at least $20M 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 announced long-term maturity date extensions to its term loan and preferred equity. Consequently, the maturity date for Mondee's term loan is extended to June 30, 2028, and the put option date for Mondee's preferred equity is extended to December 31, 2028. In addition to these long-term extensions, the $15 million letter of credit unlocks an additional $5 million in net proceeds to the Company from the term loan, resulting in at least $20 million of working capital availabl
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MOND
News
- Mondee Cancels Third Quarter 2024 Financial Results WebcastGlobeNewswire
- Mondee Reschedules Webcast on Third Quarter 2024 Financial Results to November 18, 2024GlobeNewswire
- Mondee Reschedules Webcast on Third Quarter 2024 Financial Results to November 12, 2024GlobeNewswire
- Mondee Holdings Inc (MOND) Q3 2024 Earnings Report Preview: What to Expect [Yahoo! Finance]Yahoo! Finance
- Mondee to Hold Webcast on Third Quarter 2024 Financial Results on November 8, 2024 [Yahoo! Finance]Yahoo! Finance
MOND
Earnings
- 8/14/24 - Miss
MOND
Sec Filings
- 11/12/24 - Form NT
- 10/2/24 - Form 4
- 9/23/24 - Form 8-K
- MOND's page on the SEC website