An announcement from Mondee Holdings ( (MOND) ) is now available.
Mondee Holdings, Inc. has successfully renegotiated the terms of its financing, securing a $15 million letter of credit and extending the maturity dates of both its term loan and preferred equity to June 30, 2028, and December 31, 2028, respectively. This strategic financial move not only strengthens the company’s long-term capital structure but also injects an additional $5 million in net proceeds from the term loan into Mondee’s working capital. The infusion of funds is set to bolster Mondee’s growth trajectory in the travel marketplace and artificial intelligence technology industry.
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