BRIEF-Mondee Says Co Initiates Chapter 11 Proceedings-March 2024-www.financetom.com

BRIEF-Mondee Says Co Initiates Chapter 11 Proceedings

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BRIEF-Mondee Says Co Initiates Chapter 11 Proceedings

Jan 14, 2025 7:55 PM

Jan 14 (Reuters) - Mondee Holdings Inc ( MOND ):

* MONDEE TAKES STRATEGIC ACTION TO POSITION THE COMPANY FOR

LONG-TERM GROWTH

* MONDEE HOLDINGS INC ( MOND ) - ENTERS RESTRUCTURING SUPPORT

AGREEMENT

* MONDEE HOLDINGS INC ( MOND ) - TO SELL SUBSTANTIALLY ALL ASSETS TO

NEW

ENTITY

* MONDEE HOLDINGS INC ( MOND ) - SALE TO NEW ENTITY OWNED BY TCW

ASSET

MANAGEMENT AND WINGSPIRE CAPITAL

* MONDEE HOLDINGS INC ( MOND ) - PRASAD GUNDUMOGULA TO HAVE 75%

EQUITY

STAKE AND SERVE AS CEO

* MONDEE HOLDINGS INC ( MOND ) - INITIATES CHAPTER 11 PROCEEDINGS

* MONDEE HOLDINGS INC ( MOND ) - SECURED LENDERS PROVIDE ADDITIONAL

$27.5

MILLION FINANCING

* MONDEE HOLDINGS INC ( MOND ) - SEEKS TO EMERGE FROM CHAPTER 11 IN

Q2 2025

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