Surf Air Mobility Refinances Its Existing Senior Secured Convertible Note, With Expected Reduction In Remaining Principal From $74M To $47M
Separately, certain subsidiaries of Surf Air Mobility have received the first disbursement of a new non-convertible $21.6 million asset-backed loan secured by new and existing aircraft. Together, the transactions are expected to significantly lower the Company’s near-term cash obligations, extend debt maturities and im