TowTimes.com - Urgently Secures Up to $75 Million in New Financing from Highbridge, Onex Credit and Whitebox Advisors

[TowTimes]

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.

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