Core Viewpoint - Urgently Inc. has reached agreements with its lenders for short-term extensions on its term loan agreements as it works on improving its capital structure [1][2] Company Overview - Urgently is a leading provider of digital roadside and mobility assistance technology and services, focusing on enhancing driver safety and experience through innovative technology [2] - The company's platform integrates location-based services, real-time data, AI, and machine-to-machine communication to deliver roadside assistance solutions [2] Financial Developments - The maturity date for first lien term loans has been extended to February 15, 2025, while second lien term loans have been extended until March 17, 2025 [1] - The CFO of Urgently expressed satisfaction with the extensions, indicating they align with the company's goals of reducing debt and improving capital structure [2]
Urgently Announces Short-Term Extensions of Term Loans