Item 1.01 Entry into a Material Definitive Agreement
OnJanuary 11, 2023 ,Mondee Holdings, Inc. , aDelaware corporation (the "Company"), and certain of its subsidiaries, on the one hand, andTCW Asset Management Company , aDelaware limited liability company (the "Administrative Agent"),Wingspire Capital LLC , aDelaware limited liability company ("Wingspire"), and the lenders from time to time (the "Lenders") party to the Financing Agreement (as defined herein), on the other hand, entered into that certain Amendment No. 9 (the "Amendment") to that certain financing agreement, dated as ofDecember 23, 2019 , with (as the same may be amended, restated, supplemented, or otherwise modified from time to time, the "Financing Agreement"). The Amendment (i) increases the amount the Company may borrow under the Financing Agreement by$15,000,000 (the "Amendment No. 9 Term Loan"), (ii) redesignates (a) the Amendment No. 9 Term Loan and$15,000,000 of the aggregate principal amount that is the subject of an Assignment and Acceptance among certain Lenders as "Term Loan A," and (b) the remainder of the aggregate principal amount as "Term Loan B", (iii) appoints Wingspire as the revolving agent for the Lenders who have a commitment to make a revolving loan under the Financing Agreement, (iv) provides for the payment by the Company to the Lenders of a$300,000 closing fee, (v) increases the amount of the annual administration fee to$105,000 , (vi) provides that the Company may request that the Lenders' commitments to make Term Loan A be increased by$20,000,000 , which request may be accepted or rejected by the Lenders, (vii) removes certain language relating to contingent obligations incurred by the Company in connection with prior acquisitions, and (viii) removes the ability of the Company to incur certain asset-based loans without the consent of the Administrative Agent.
In connection with the Amendment, the Company requested disbursement of the
Amendment No. 9 Term Loan on
The foregoing summary of the Amendment is qualified in its entirety by reference to the Amendment, a copy of which is attached hereto as Exhibit 10.2 and incorporated herein by reference, and by reference to the Financing Agreement, a copy of which was filed as an exhibit 10.43 to the Company's Registration Statement on Form S-4 with theSecurities and Exchange Commission onMarch 21, 2022 (File No. 333-263727) and incorporated by reference.
Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off Balance Sheet Arrangement of a Registrant.
The disclosure set forth above under Item 1.01 with respect to the Amendment is incorporated by reference into this Item 2.03.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits.
Exhibit No. Description
Financing Agreement, by and betweenMondee Holdings ,
LLC and the "Borrowers,"
the "Guarantors," the "Lenders" and TCW Asset
December 23, 2019 , as amended. (Incorporated by reference to Exhibit 10.43 filed 10.1† with the Company's Form S-4/A onJune 13, 2022 ) 10.2† Amendment No. 9 to the Financing Agreement, dated
† Certain confidential information (indicated by brackets
and asterisks) has been omitted
from this exhibit because it is both (i) not material and
(ii) the type of information
that the registrant treats as private or confidential
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