ModivCare emerges from Chapter 11; reduces funded debt by $1.1B (85%) and adds $100M new capital

ModivCare Inc

Funded debt reduced by ~$1.1B (over 85%); $100M new capital added via exit term loan facility.
All existing common equity cancelled for no consideration; company emerges as privately-owned.
Prepetition credit facilities and DIP facility terminated; new $400M exit term loan facilities entered.
Scott Kern remains sole officer and appointed to board; all prior officers and directors resigned.
Company intends to terminate SEC registration and continue as a private company.

item 1.01 item 1.02 item 1.03 item 2.01 item 3.03 item 5.01 item 5.02 item 7.01 item 9.01

Machine-readable event card

schema_version: secwatch.filing_event.v1
accession: 0001437749-25-038831
form_type: 8-K
ticker: null
cik: 0001220754
company_name: ModivCare Inc
filed_at: 2025-12-29T23:59:59+00:00
discovered_at: 2026-05-14T18:02:38.979625+00:00
generated_at: 2026-05-16T12:04:29.003339+00:00
sec_items: ["1.01", "1.02", "1.03", "2.01", "3.03", "5.01", "5.02", "7.01", "9.01"]
event_type: other_material
sentiment: positive
materiality_score: 0.95
confidence: high
secwatch_canonical_url: https://secwatch.observer/filing/0001437749-25-038831
json_url: https://secwatch.observer/filing/0001437749-25-038831.json
markdown_url: https://secwatch.observer/filing/0001437749-25-038831.md
text_url: https://secwatch.observer/filing/0001437749-25-038831.txt
edgar_index_url: https://www.sec.gov/Archives/edgar/data/1220754/000143774925038831/0001437749-25-038831-index.htm
edgar_primary_document_url: https://www.sec.gov/Archives/edgar/data/1220754/000143774925038831/modv20251226_8k.htm
generated_by_model: deepseek-v4-flash:cloud@v2
review_status: machine_generated
human_reviewed: false
corrected: false
correction_note: null
correction_timestamp: null
superseded_by: null

JSON Markdown Plain text

Source: SEC EDGAR

accession 0001437749-25-038831

view filing index on sec.gov

view primary document

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.