Urgently, a U.S.-based provider of digital roadside and mobility assistance technology and services, reached an agreement with its lenders on a short-term extension to its term loan agreements while it continues to work on overall capital structure improvements. Urgently has agreed with its first lien lenders, among other things, to a short-term extension of the maturity date of such term loans until Feb. 28, 2025. Urgently has agreed with its second lien lenders, among other things, to a short-term extension of its second lien term loans until March 31, 2025.
“We appreciate the support of our existing lenders in further extending the maturity dates of our debt facilities,” Tim Huffmyer, chief financial officer of Urgently, said. “We continue to work closely with them to refinance our existing debt facilities and improve our capital structure.”
