Modivcare Inc. (Nasdaq: MODV) today announced the successful refinancing of all outstanding $500 million aggregate principal amount of its 5.875% Senior Notes due 2025 with a new $525 million term loan B, which closed on July 1, 2024. The transaction addressed the Company's upcoming debt maturities and enhanced financial flexibility to ensure long-term value for our shareholders. Refinancing Key Highlights : The refinancing was led by JPMorgan Chase Bank, N.A., and respective roles supported by the Company's bank group. KKR Capital Markets LLC acted as Capital Markets Advisor and Gibson, Dunn & Crutcher LLP served as legal counsel to the Company.