Modivcare Announced The Successful Refinancing Of All Outstanding $500M Aggregate Principal Amount Of Its 5.875% Senior Notes Due 2025 With A New $525M Term Loan B, Which Closed On July 1, 2024
Portfolio Pulse from Benzinga Newsdesk
Modivcare has successfully refinanced its outstanding $500M aggregate principal amount of 5.875% senior notes due 2025 with a new $525M Term Loan B, which closed on July 1, 2024.
July 03, 2024 | 10:01 am
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Modivcare has refinanced its $500M senior notes due 2025 with a new $525M Term Loan B, improving its debt structure.
The successful refinancing of Modivcare's senior notes with a new term loan improves the company's debt structure and financial stability, which is likely to be viewed positively by investors.
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