Mondee Holdings, Inc. restructures with the sale of assets led by Mr. Prasad Gundumogula.

From GlobeNewswire: 2025-01-14 22:25:59

Mondee Holdings, Inc. announced a restructuring support agreement to sell assets to a new entity, TCW Bid, led by Mr. Prasad Gundumogula. The company voluntarily initiated Chapter 11 proceedings to facilitate the sale. Mondee aims to emerge from Chapter 11 in early 2025 and continue operations without disruption. Advisors include Fried, Frank, Harris, Shriver & Jacobson LLP, Young Conway Stargatt & Taylor LLP, and more. Mondee operates globally and offers AI travel planning solutions through its platform. The company will maintain normal operations during the restructuring process. For more information, visit Mondee’s website.



Read more at GlobeNewswire: Mondee Takes Strategic Action to Position the Company for