{"schema_version":"secwatch.filing_event.v1","accession":"0001220754-24-000009","form_type":"8-K","ticker":null,"cik":"0001220754","company_name":"ModivCare Inc","filed_at":"2024-02-22T23:59:59+00:00","discovered_at":"2026-05-14T18:03:23.602182+00:00","generated_at":"2026-06-05T18:27:32.242409+00:00","sec_items":["2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"ModivCare amends credit agreement; raises max leverage covenant, adds $100M liquidity minimum","bullets":["Max Total Net Leverage Ratio raised to 5.50:1.00 for Q1-Q2 2024, stepping down to 4.75:1.00 by Q1 2026.","New $100M minimum Liquidity covenant, tested quarterly; Interest Coverage Ratio floor lowered to 2.75:1.00.","Interest rate margin increased by 50 bps during relief period; Term Benchmark spread reaches 4.00% at high leverage.","Company may early terminate Covenant Relief Period, reverting to original leverage and coverage covenants."],"urls":{"canonical":"https://secwatch.observer/filing/0001220754-24-000009","json":"https://secwatch.observer/filing/0001220754-24-000009.json","markdown":"https://secwatch.observer/filing/0001220754-24-000009.md","text":"https://secwatch.observer/filing/0001220754-24-000009.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1220754/000122075424000009/0001220754-24-000009-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1220754/000122075424000009/prsc-20240222.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-05T18:27:32.242409+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"7984776613349faa53ec8c8a79c8894c985b565b","claim":"ModivCare Inc amended credit facility with JPMorgan Chase Bank, N.A. at increase of 50 basis points in the interest rate margin.","evidence_excerpt":"On February 22, 2024, ModivCare Inc. (the “Company”) entered into an Amendment No. 2 (the “Second Amendment”) to its Credit Agreement","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1220754/000122075424000009/0001220754-24-000009-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"credit facility"},{"label":"Counterparty","value":"JPMorgan Chase Bank, N.A."},{"label":"Rate","value":"increase of 50 basis points in the interest rate margin"},{"label":"Event","value":"amendment"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}