TowTimes Posted January 21, 2022 Posted January 21, 2022 Urgently, a provider of digital roadside and mobility assistance services, announced on December 22, 2021, it has secured up to $75 million in debt financing from certain funds managed by Highbridge Capital Management, LLC (“Highbridge”), Onex Credit and Whitebox Advisors. to help the company advance its mission in the roadside assistance market and to develop and define the new market for connected mobility assistance services for automotive, insurance, fleet, logistics, new mobility and technology transportation companies. In addition, Structural Capital refinanced and increased its existing debt facility with Urgently to $17.5 million. These financings will be used to support growth, enhance financial flexibility, strengthen service provider solutions and experiences and accelerate new connected assistance product development. Additionally, these funds will enable Urgently to expand its footprint in the U.S. consumer and aftermarket roadside assistance membership markets. View the full article and more on TowTimes.com Quote
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.