Surf Air Mobility secures $21.6 million non-convertible asset-backed loan

Surf Air Mobility, Inc.

Surf Air Mobility, Inc.

SRFM

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  • Surf Air Mobility entered a refinancing agreement to exchange its USD 46.9 million senior secured convertible note due 2028.
  • New structure: USD 16.9 million senior secured convertible note due 2027, USD 30 million non-convertible senior secured term note due 2028.
  • Refinancing targets a 64% reduction in convertible principal, cuts monthly amortization to as low as USD 2 million from USD 4 million.
  • Separately, subsidiaries drew the first tranche of a new USD 21.6 million non-convertible asset-backed loan secured by aircraft.
  • Second USD 14 million disbursement is expected within 30 days, subject to conditions including a company guaranty.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Surf Air Mobility Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 202607010807BIZWIRE_USPR_____20260630_BW322286) on July 01, 2026, and is solely responsible for the information contained therein.

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