---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-25-027909"
form_type: "8-K"
ticker: "ULYX"
cik: "0001603652"
company_name: "Urgent.ly Inc."
filed_at: "2025-02-26T23:59:59+00:00"
generated_at: "2026-05-26T03:38:15.580939+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Urgently secures $20M ABL facility, extends second lien maturity from March 2025 to July 2026

## Summary
- New $20M asset-based revolving credit facility with MidCap Financial; proceeds to repay first lien debt and for working capital.
- Second lien loan amended: maturity extended from March 31, 2025 to July 31, 2026; interest rate set at 16% PIK then 13% cash.
- Issued 1,358,073 shares to lenders (Highbridge, Onex Credit, Whitebox) as amendment fee; up to 1.34M additional shares if debt not repaid by July 1, 2025.
- $2.6M amendment fee incurred under the second lien amendment.
- MidCap facility and debt extension support growth in connected mobility services and transform legacy roadside assistance.

## SEC filing metadata
- accession: 0000950170-25-027909
- form_type: 8-K
- ticker: ULYX
- cik: 0001603652
- company_name: Urgent.ly Inc.
- filed_at: 2025-02-26T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 3.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1603652/000095017025027909/0000950170-25-027909-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1603652/000095017025027909/uly-20250226.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-25-027909
- JSON: https://secwatch.observer/filing/0000950170-25-027909.json
- Plain text: https://secwatch.observer/filing/0000950170-25-027909.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.