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Stock impact report

Urgently Announces Short-Term Extensions of Term Loans

Urgent.ly Inc. (ULY) 
Company Research Source: GlobeNewswire
VIENNA, Va., Feb. 14, 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 on a short-term extension to its term loan agreements while it continues to work on overall capital structure improvements. Urgently has agreed with its first lien lenders, among other things, to a short-term extension of the maturity date of such term loans until February 28, 2025. Urgently has agreed with its second lien lenders, among other things, to a short-term extension of its second lien term loans until March 31, 2025. “We appreciate the support of our existing lenders in further extending the maturity dates of our debt facilities,” said Tim Huffmyer, Chief Financial Officer of Urgently. “We continue to work closely with them to refinance our existing debt facilities and improve our capital structure.” About Urgently Show less Read more
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