Surf Air Mobility refinances debt, secures $21.6M asset-backed loan
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 9/27/2026
- Wall Street ends higher as investors buy AI stocks; Microsoft rallies
- Stock action shows confidence in central banks: BofA’s Hartnett
- Oil prices slide about 2% as US, Iran explore path out of war
- Why stocks held up despite rising yields and $100 oil? These 2 words explain it
- Barclays asks if equity markets are nearing the boiling point
- White House blocks CNN from Air Force One trip, Washington Post reports
- Merck and Daiichi Sankyo withdraw lung cancer drug application
- Exclusive-SK Hynix's Solidigm weighs IPO that could value the unit at up to $150 billion, sources say
- Fox Factory sells Marucci Sports for $225M, cuts debt
- Wall Street ends higher as investors buy AI stocks; Microsoft rallies
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
