Modivcare Says Filed For Voluntary Chapter 11 Protection In U.S. Bankruptcy Court For Southern District Of Texas
ReutersAug 21, 2025 12:21 AM
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
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