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Market Chatter: JPMorgan Initiates $525 Million Loan for ModivCare Refinancing
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Market Chatter: JPMorgan Initiates $525 Million Loan for ModivCare Refinancing
Jun 10, 2024 10:04 AM

12:33 PM EDT, 06/10/2024 (MT Newswires) -- JPMorgan Chase ( JPM ) has launched a $525 million leveraged loan deal to refinance ModivCare's ( MODV ) 2025 maturities, Bloomberg reported Monday, citing people familiar with the matter.

The new facility will refinance ModivCare's ( MODV ) senior unsecured notes due 2025 and repay certain borrowings under the revolving credit facility, Bloomberg reported, citing the people.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 199.64, Change: -0.31, Percent Change: -0.16

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