secwatch.observer — SEC 8-K summary
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Issuer:     Mondee Holdings, Inc. (—)
CIK:        0001828852
Form:       8-K
Filed at:   2025-01-15T23:59:59+00:00
Accession:  0001828852-25-000010
Event type: other_material
Sentiment:  negative
Materiality: 0.95
Item codes: 1.01, 1.03, 2.03, 2.04, 5.02, 7.01, 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Mondee files Chapter 11, enters RSA with stalking horse credit bid of $191M from TCW/Wingspire
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- Filed Chapter 11 in Delaware; TCW/Wingspire affiliates offer $191M credit bid for substantially all assets as stalking horse.
- DIP financing up to $110M ($27.5M new money + $82.5M conversion) subject to Court approval; $6M term loan borrowed Jan 7.
- COO Jim Dullum resigned Jan 10; Jesus Portillo serves as CEO and CFO going forward.
- RSA milestones: sale consummation within 60 days, plan confirmation within 100 days; common stock likely zero recovery.
- Outstanding prepetition debt ~$231M accelerated by filing; operations continue normally for customers and partners.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1828852/000182885225000010/0001828852-25-000010-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1828852/000182885225000010/mond-20250107.htm
  HTML page:      https://secwatch.observer/filing/0001828852-25-000010

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