Urgently Secures Up To $75 Million In New Financing From Highbridge, Onex Credit And Whitebox Advisors
Urgently Secures Up To $75 Million In New Financing From Highbridge, Onex Credit And Whitebox Advisors
12/22/21, 1:00 PM
Location
viennaMoney raised
$75 million
Urgently, a leading provider of digital roadside and mobility assistance services, announced today 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, that will help the company advance its mission to transform the legacy 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.
Company Info
Location
vienna, illinois, united states
Additional Info
Urgently is the leading Smart Mobility Assistance Platform at the center of the expanding mobility and connected assistance ecosystem. The digitally native software platform combines location-based services, real-time data, AI and machine-to-machine communication to power roadside assistance solutions for leading brands across the automotive, insurance, telematics and other transportation-focused verticals. Urgently fulfills the demand for connected roadside assistance services, enabling its partners to deliver exceptional user experiences that drive high customer satisfaction and loyalty. With more than 50 operating partners and a Service Provider Network of 80,000+, Urgently delivers innovative, transparent and exceptional connected mobility assistance experiences on a global scale. For more information, visit www.geturgently.com.