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Urgent.ly to Be Acquired by Agero for $5.50 Per Share; Amends Credit Facilities to Support Deal
Urgent.ly (ULY) has signed a definitive agreement to be acquired by Agero for $5.50 per share in cash through a tender offer and subsequent merger. To facilitate this acquisition, Urgent.ly has amended its MidCap revolving credit facility and its second-lien term loan to adjust liquidity requirements and extend maturity dates. Additionally, the company secured tender and support agreements from insiders and certain stockholders for approximately 5.12% of shares, aiming to increase deal certainty.