Urgently Announces Capital Structure Improvements and Secures up to $20 Million in New Financing

Urgent.ly Inc. (ULY)
Company Research
Source: GlobeNewswire
VIENNA, Va., Feb. 26, 2025 (GLOBE NEWSWIRE) -- Urgent.ly Inc. (Nasdaq: ULY) (“Urgently”), a U.S.-based leading provider of digital roadside and mobility assistance technology and services, announced today that it has reached an agreement with its lenders resulting in significant capital structure improvements. Urgently has entered into a new credit agreement for an asset-based revolving credit facility for up to $20 million with MidCap Financial, which will be used to repay existing indebtedness to its first lien lenders and to help the Company advance its mission to transform the legacy roadside assistance market and to develop and define the new market for connected mobility assistance services for automotive, insurance, fleet,
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ULY
News
- Urgent.ly Inc. Announces Reverse Stock Split to Regain Nasdaq ComplianceGlobeNewswire
- Urgently Announces Fourth Quarter and Full-Year 2024 Financial ResultsGlobeNewswire
- Urgently Announces Fourth Quarter and Full-Year 2024 Earnings Release Date and Conference CallGlobeNewswire
- Urgently Announces Capital Structure Improvements and Secures up to $20 Million in New Financing [Yahoo! Finance]Yahoo! Finance
- Urgently Announces Short-Term Extensions of Term Loans [Yahoo! Finance]Yahoo! Finance
ULY
Sec Filings
- 3/13/25 - Form 8-K
- 3/12/25 - Form 8-K
- 3/6/25 - Form D
- ULY's page on the SEC website