Brief: Mondee Says Co Initiates Chapter 11 Proceedings
15/01/2025 03:35
Jan 14 (Reuters) - Mondee Holdings Inc MOND.PK :
* MONDEE TAKES STRATEGIC ACTION TO POSITION THE COMPANY FOR
LONG-TERM GROWTH
* MONDEE HOLDINGS INC - ENTERS RESTRUCTURING SUPPORT
AGREEMENT
* MONDEE HOLDINGS INC - TO SELL SUBSTANTIALLY ALL ASSETS TO
NEW
ENTITY
* MONDEE HOLDINGS INC - SALE TO NEW ENTITY OWNED BY TCW
ASSET
MANAGEMENT AND WINGSPIRE CAPITAL
* MONDEE HOLDINGS INC - PRASAD GUNDUMOGULA TO HAVE 75%
EQUITY
STAKE AND SERVE AS CEO
* MONDEE HOLDINGS INC - INITIATES CHAPTER 11 PROCEEDINGS
* MONDEE HOLDINGS INC - SECURED LENDERS PROVIDE ADDITIONAL
$27.5
MILLION FINANCING
* MONDEE HOLDINGS INC - SEEKS TO EMERGE FROM CHAPTER 11 IN
Q2 2025
Source text: ID:nGNX4fRKh6
Further company coverage: MOND.PK
((Reuters.Briefs@thomsonreuters.com;))
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