$RDZN Roadzen and Mizuho Agree to Extend Maturity. NEW YORK, Nov. 04, 2025 (GLOBE NEWSWIRE) -- Roadzen Inc. (Nasdaq: RDZN) (“Roadzen” or the “Company”), a global leader in AI at the intersection of insurance and mobility, today announced that it has reached an agreement in principle with Mizuho Securities USA LLC (“Mizuho”), a leading global investment bank and securities firm, to extend the maturity date of the Company’s existing senior secured notes.
Under the terms of the extension, the maturity of Roadzen’s $11.5 million senior secured notes will be extended by 18 months - from December 31, 2025 to June 30, 2027 - with no other change to the structure. The extension provides Roadzen with enhanced financial flexibility to support its global growth while removing a significant portion of short-term liabilities, thereby strengthening its capital structure. The senior secured notes accrue interest at 15% annually. Completion of the extension is subject to the execution of definitive agreements and customary closing conditions.
This announcement follows a series of significant milestones achieved by Roadzen in recent weeks:
- DrivebuddyAI became the only driver monitoring system validated under both Indian and E.U. safety standards — a world first and major validation of Roadzen’s leadership in AI-powered driver safety.
- The Company signed a definitive agreement to acquire a majority interest in a licensed U.S. commercial auto MGU and broker, expanding its footprint across key states and adding Lloyd’s Coverholder capabilities.
- The Company secured a mandate with a top-five global automaker to manage its European insurance program, representing a $20 million annual premium opportunity.
- Roadzen and Vodafone Automotive announced a partnership to launch embedded insurance programs across the UK.
- Insiders and marquee global institutional investors invested at a significant premium to the market, signaling strong conviction in Roadzen’s long-term growth trajectory.
“Mizuho’s continued partnership is a strong vote of confidence in our execution,” said Rohan Malhotra, Roadzen’s Founder & CEO. “This extension gives us significant financial flexibility and is great news for our shareholders. I want to thank the Mizuho team for recognizing the work we’ve done in shaping the business and look forward to continuing to build on this strong partnership with them. We are working on all areas important to the business — restructuring the balance sheet, bringing in new global deals, and advancing our AI leadership and innovation across products. The last quarter saw new products, and commercial deals across each of our global markets, and now, with our senior lender extending its support, we have a great foundation for growth. It adds to a series of excellent wins for Roadzen— and we are not done yet. We believe the next year will be a marquee year for us.”
https://www.globenewswire.com/news-release/2025/11/04/3180296/0/en/Roadzen-and-Mizuho-Agree-to-Extend-Maturity-of-Senior-Secured-Facility-by-18-Months-to-June-30-2027.html