Mondee Says Co Initiates Chapter 11 Proceedings

Reuters
15 Jan
Jan 14 (Reuters) - Mondee Holdings Inc ::
*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

((Reuters Investor Briefs; email: reutersinvestor.briefs@thomsonreuters.com))
Source Date/Time = 15-JAN-202503:25:59.04 GMT

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