Surf Air Mobility secures $50M term loan from Comvest; aims for profitability

SURF AIR MOBILITY INC.

Closed $44.5M senior secured term loan (fully funded) + $5.5M delayed draw for interest; SOFR+5%.
Financing from Comvest Partners; reduces cost of capital and minimizes dilution from equity facility.
Four-phase transformation plan: optimization (2025-26), expansion (2026-27), acceleration (2027+).
Company targets profitability; new management team in place (CFO Oliver Reeves, Interim CEO Deanna White).

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