Urgent.ly Inc. announced further short-term extensions to its term loan agreements, as it continues to work on overall capital structure improvements. This marks another temporary agreement with its lenders. The company is actively pursuing refinancing options for its existing debt facilities.
The maturity date for the first lien term loans was extended until February 28, 2025. The second lien term loans were extended until March 31, 2025. These extensions provide additional time for the company to finalize its capital structure plans.
CFO Tim Huffmyer expressed appreciation for the support of existing lenders in extending the maturity dates. He reiterated the company's commitment to working closely with them to refinance debt facilities and improve the capital structure.
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