secwatch.observer — SEC 8-K summary
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Issuer:     ModivCare Inc (—)
CIK:        0001220754
Form:       8-K
Filed at:   2025-12-29T23:59:59+00:00
Accession:  0001437749-25-038831
Event type: other_material
Sentiment:  positive
Materiality: 0.95
Item codes: 1.01, 1.02, 1.03, 2.01, 3.03, 5.01, 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1220754/000143774925038831/0001437749-25-038831-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1220754/000143774925038831/modv20251226_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-25-038831

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer