Marpai announced on Monday that it signed debt restructuring agreements with its principal lenders, JGB Capital and AXA S.A., to improve financial flexibility. The restructuring is expected to reduce near-term debt service by more than $26 million, ease liquidity pressure, and better align repayments with expected cash flows. The company extended its JGB debt maturity to April 15, 2028, and its AXA debt maturity to December 31, 2029. CEO Damien Lamendola said the restructuring provides additional financial flexibility and is expected to support investments, technology development, business expansion, and long-term growth.
Marpai IncDebt restructuring reduces near-term debt service by $26M+ and extends maturities, improving financial flexibility.
AXA SA