Surf Air Mobility refinances debt, secures $21.6M asset-backed loan
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Surf Air Mobility Announces Debt Financing Transactions to Strengthen Balance Sheet and Reduce Future Shareholder Dilution
July 1, 2026 8:07 AM EDTNew non-convertible $21.6 million asset-backed loan will provide incremental working capital.
Remaining $47 million senior secured convertible note will be exchanged for two new instruments.
New $17 million convertible note will reduce monthly payments by up to 50%.
New $30 million non-convertible term note will be non-amortizing and non-interest bearing until January 2027.
Transactions are structured to significantly increase balance sheet liquidity while meaningfully reducing shareholder dilution.
LOS ANGELES--(BUSINESS WIRE)--
Surf Air Mobility Inc. (NYSE:... More
