Mondee Holdings (MOND) has issued an update.
Mondee Holdings, Inc. has amended its financial agreements to extend the maturity of its loans and credit lines, enhance its financing options with additional term loans, and revise its financial covenants. These changes, including the extension of the put right date on preferred stock and the issuance of new common stock warrants, are aimed at improving the company’s financial flexibility and are contingent on establishing a new letter of credit facility. The amendments are significant as they will affect the company’s financial strategy and obligations until 2028.
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