Roadzen and Mizuho Agree To Extend Senior Debt Maturity by Full year to December 31, 2025
Roadzen, Inc. - Ordinary Shares (RDZN)
Company Research
Source: GlobeNewswire
NEW YORK, Dec. 12, 2024 (GLOBE NEWSWIRE) -- Roadzen Inc. (Nasdaq: RDZN) ("Roadzen" or the "Company"), a global leader in AI at the intersection of insurance and mobility, today announced that it has reached an agreement in principle with Mizuho Securities USA LLC, a leading global investment bank and securities firm, to extend the maturity date of its $11.5 million 15% senior secured notes by one year, to December 31, 2025, providing additional financial flexibility for the Company. The completion of the extension is subject to, among other things, the negotiation of definitive agreements for the extension and satisfaction of the conditions negotiated therein. “As Roadzen’s technology continues to gain market traction across the world, restructuring our balance sheet is crucial to achieving a valuation that truly reflects our potential,” said Rohan Malhotra, Roadzen’s founder & CEO. “We appreciate Mizuho’s continued support as they convert their short-term notes into long-term debt
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RDZN
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- Roadzen Expands its AI Based Claims Contract with One of the Top 10 P&C Insurers in India [Yahoo! Finance]Yahoo! Finance
- Roadzen Expands its AI Based Claims Contract with One of the Top 10 P&C Insurers in IndiaGlobeNewswire
- Roadzen Inc. Announces Closing of Public OfferingGlobeNewswire
RDZN
Sec Filings
- 12/17/24 - Form 8-K
- 12/16/24 - Form 424B5
- 12/13/24 - Form 424B5
- RDZN's page on the SEC website