Extracted from this filing and checked against the source text.
Distress & Bankruptcy
SEC 8-K Item 1.03
confidence 0.9
ModivCare Inc entered chapter 11 in the Bankruptcy Court (petition 2025-12-15).
- Proceeding
- chapter 11
- Court
- the Bankruptcy Court
- Petition
- 2025-12-15
Exact text from the filing
On December 15, 2025, the Bankruptcy Court entered the Confirmation Order confirming the Plan. On December 29, 2025, the Plan became effective and the Debtors emerged from the Chapter 11 Cases.
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Equity Issuances
SEC 8-K Item 3.02/3.03
confidence 0.9
ModivCare Inc issued common stock for for no consideration.
- Security
- common stock
- Consideration
- for no consideration
Exact text from the filing
On the Effective Date, all existing equity interests of ModivCare issued and outstanding immediately prior to the Effective Date were canceled, released and extinguished for no consideration.
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M&A Transactions
SEC 8-K Item 2.01/5.01
confidence 0.9
ModivCare Inc underwent a change of control involving ModivCare Buyer, LLC (closed 2025-12-29).
- Action
- change of control
- Counterparty
- ModivCare Buyer, LLC
- Closing
- 2025-12-29
Exact text from the filing
On the Effective Date, a change in control of the Company occurred as a result of the cancellation of all existing equity interests and the Asset Transfer.
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
ModivCare Inc entered into Purchase Agreement with the Buyer (unnamed in excerpt) valued at ModivCare transferred substantially all assets to the Buyer in exchange for restructuring considerat (effective 2025-12-29).
- Action
- entry
- Agreement
- asset purchase
- Counterparty
- the Buyer (unnamed in excerpt)
- Value
- ModivCare transferred substantially all assets to the Buyer in exchange for restructuring considerat
- Effective
- 2025-12-29
Exact text from the filing
On the Effective Date, ModivCare entered into the Purchase Agreement with the Buyer, as contemplated by and consistent with the Plan.
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
ModivCare Inc entered into Exit Term Loan Credit Agreement (including Super Senior Exit Term Loan Credit Facility and Takeback Term Loan Credit Facility) with Wilmington Trust, National Association as administrative and collateral agent valued at $100,000,000 super senior secured term loan facility and $300,000,000 takeback term loan facility, m (effective 2025-12-29).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- Wilmington Trust, National Association as administrative and collateral agent
- Value
- $100,000,000 super senior secured term loan facility and $300,000,000 takeback term loan facility, m
- Effective
- 2025-12-29
Exact text from the filing
On the Effective Date, certain affiliates of the Company acquired by the Buyer on the Effective Date pursuant to the Purchase Agreement entered into certain exit financing arrangements contemplated by the Plan with the Buyer as borrower, ModivCare Intermediate, LLC (“ModivCare Intermediate”), and Wilmington Trust, National Association as administrative and collateral agent (the “Exit Term Loan Credit Agreement”) consisting of a new money super senior secured term loan facility in an aggregate principal amount of $100,000,000 (the “Super Senior Exit Term Loan Credit Facility”) and a second-out senior secured term loan facility consisting of $300,000,000 in takeback term loans (the “Takeback Term Loan Credit Facility” and, together with the Super Senior Exit Term Loan Credit Facility, the “Exit Term Loan Credit Facilities” and the documents pertaining thereto, the “Exit Facilities Documents”).
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