Core Points - Mondee Holdings, Inc. has extended the maturity date of its term loan to June 30, 2028, and the put option date for its preferred equity to December 31, 2028 [1][2] - The company secured a $15 million letter of credit from Morgan Stanley, which unlocks at least $20 million in additional working capital to support growth [1][2][3] Company Overview - Mondee is a leading travel marketplace and AI technology company, established in 2011, headquartered in Austin, Texas, with 22 global offices [4] - The company processes over 50 million daily searches and has a network that includes approximately 65,000 travel experts, over 500 airlines, and more than one million hotels and vacation rentals [4] - Mondee became publicly traded on the Nasdaq Global Market under the ticker symbol MOND on July 19, 2022 [4]
Mondee Finalizes Long-Term Extensions of Term Loan and Preferred Equity with Receipt of $15M Letter of Credit