Brief: Modivcare Says Filed For Voluntary Chapter 11 Protection In U.S. Bankruptcy Court For Southern District Of Texas

ModivCare

21/08/2025 01:21

Aug 21 (Reuters) - ModivCare Inc MODV.O:

MODIVCARE ENTERS INTO COMPREHENSIVE RESTRUCTURING AGREEMENT TO STRENGTHEN ITS FUTURE, REDUCE DEBT AND INJECT CAPITAL

MODIVCARE INC - MODIVCARE HAS FILED FOR VOLUNTARY CHAPTER 11 PROTECTION IN U.S. BANKRUPTCY COURT FOR SOUTHERN DISTRICT OF TEXAS

MODIVCARE INC - RESTRUCTURING TO REDUCE DEBT BY $1.1 BILLION

MODIVCARE INC - UPON CLOSING OF DIP LOAN, MODIVCARE WILL HAVE LIQUIDITY IN EXCESS OF $100 MILLION

MODIVCARE INC - LENDERS HAVE COMMITTED TO SUPPORT COMPANY THROUGHOUT THIS PROCESS AND HAVE AGREED TO PROVIDE $100 MILLION IN "DEBTOR-IN-POSSESSION"

MODIVCARE INC -  SERVICE LINES WILL CONTINUE TO OPERATE IN ORDINARY COURSE, AND WE EXPECT NO INTERRUPTION OR CHANGE IN ACCESS TO CARE

Source text: ID:nBwQV9Lqa

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