The Company’s forward-looking statements in this press release, but are not limited to, the Company’s ability to successfully consummate its restructuring and emerge from the Chapter 11 cases, including by entrance into the Restructuring Support Agreement and ultimately satisfying the conditions and milestones set forth therein; the Company’s plans to sell its assets pursuant to chapter 11 of the Bankruptcy Code; the Company’s intention to continue operations during the Chapter 11 Cases; the Company’s belief that the 363 sale process will be in the best interest of the Company and its stakeholders; and other statements regarding the Company’s strategy and future operations, performance and prospects among others.
These risks and uncertainties include, but are not limited to, the risks associated with the potential adverse impact of the Cases on the Company’s liquidity and results of operations; unpredictability of trading markets and whether a market will be established for the Company’s common stock; changes in the Company’s ability to meet its financial obligations during the Cases and to maintain contracts that are critical to its operations; the outcome and timing of the Cases and any potential asset sale; the effect of the filing of the Cases and any potential asset sale on the Company’s relationships with vendors, regulatory authorities, employees and other third parties; possible proceedings that may be brought by third parties in connection with the Cases or the potential asset sale; uncertainty regarding obtaining Court approval of a sale of the Company’s assets or other conditions to the potential asset sale; and the timing or amount of any distributions, if any, to the Company’s stakeholders.
AUSTIN, Texas, Jan.14, 2025 (GLOBE NEWSWIRE) -- Mondee Holdings, Inc.(OTC: MOND) ("Mondee” or the "Company”), a leading travel marketplace and artificial intelligence (AI) technology company, today announced that it has entered into a restructuring support agreement which outlines a series of transactions that will strengthen the Company’s balance sheet and position it for long term success, including a term sheet to sell substantially all of the assets of the Company to a newly formed entity owned by, among others, affiliates of TCW Asset Management Company LLC and Wingspire Capital LLC (the "TCW Bid”).
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