ModivCare (MODV) Announces Successful Refinancing
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Modivcare Announces Successful Refinancing
July 3, 2024 6:00 AM EDTDENVER--(BUSINESS WIRE)-- Modivcare Inc. (Modivcare or the Company) (Nasdaq: MODV), a technology-enabled healthcare services company that provides a platform of integrated supportive care solutions focused on improving health outcomes, today announced the successful refinancing of all outstanding $500 million aggregate principal amount of its 5.875% Senior Notes due 2025 with a new $525 million term loan B, which closed on July 1, 2024. The transaction addressed the Companys upcoming debt maturities and enhanced financial flexibility to ensure long-term value for our... More
