Urgently obtains $75 million debt financing with Highbridge, Onex and Whitebox

By Rebecca Melvin

Concord, N.H., Dec. 22 – Urgently has obtained $75 million in new debt financing from certain funds managed by Highbridge Capital Management LLC, Onex Credit and Whitebox Advisors, according to a company news release on Wednesday.

In addition, Structural Capital refinanced and increased its existing debt facility with Urgently to $17.5 million, the release said.

The funding is aimed at growth and financial flexibility, with investments in the company’s roadside assistance market and to expand markets for connected mobility assistance services for automotive, insurance, fleet, logistics, new mobility and technology transportation companies.

The digital roadside assistance services company is based in Vienna, Va.

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