BRIEF-ModivCare Raises $105 Mln In Incremental Financing Backed By Stakeholders

Reuters

01-10

BRIEF-ModivCare Raises $105 Mln In Incremental Financing Backed By Stakeholders

Jan 10 (Reuters) - ModivCare Inc MODV.O:

MODIVCARE RAISES $105 MILLION IN INCREMENTAL FINANCING BACKED BY STAKEHOLDERS ACROSS THE CAPITAL STRUCTURE AND TAKES STRATEGIC STEPS TO POSITION BUSINESS FOR THE FUTURE
WITHDRAWS PREVIOUSLY STATED REVENUE AND ADJUSTED EBITDA GROWTH GUIDANCE
‍$75 MLN IN INCREMENTAL TERM LOAN AND $30 MLN IN NEW SECOND LIEN NOTES

Source text: ID:nBw7xhZrWa

Further company coverage: MODV.O

((Reuters.Briefs@thomsonreuters.com;))

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