secwatch.observer — SEC 8-K summary
======================================

Issuer:     Mondee Holdings, Inc. (—)
CIK:        0001828852
Form:       8-K
Filed at:   2024-03-12T23:59:59+00:00
Accession:  0001828852-24-000026
Event type: debt
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Mondee amends credit facility: extends maturity to March 2025, defers principal and capitalizes interest
--------------------------------------------------------------------------------

- Extended maturity date of $128.5M credit facility to March 31, 2025 while seeking long-term refinancing.
- Deferred $1,717,542.64 principal payment due March 29, 2024 to earlier of refinancing or June 30, 2024.
- Capitalized $3,754,043.77 of March 2024 interest, added to term loan principal as PIK.
- Waived any prior existing events of default except undisclosed Section 7.02(e)/(h) breaches.
- Incurred $426,915 fee paid in kind, increasing outstanding principal balance.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1828852/000182885224000026/0001828852-24-000026-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1828852/000182885224000026/mond-20240311.htm
  HTML page:      https://secwatch.observer/filing/0001828852-24-000026

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer