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

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