M&A - Coliseum Capital Management, LLC

Form Type: SCHEDULE 13D/A

Filing Date: 2025-01-10

Corporate Action: Acquisition

Type: Update

Accession Number: 000095017025003879

Filing Summary: This Amendment No. 24 to the Schedule 13D relates to ModivCare Inc. and details a Purchase and Exchange Agreement dated January 9, 2025, between the Issuer and Coliseum Investors, which includes Coliseum Capital Management, LLC, and Blackwell Partners LLC - Series A. The agreement allows the Coliseum Investors to purchase $30 million of second lien senior secured PIK toggle notes and exchange approximately $20 million of the Issuer's Senior Notes for an equivalent principal amount of the newly issued Second Lien Notes. The transactions are contingent upon receiving approval from two-thirds of the Issuer's stockholders, as required by Delaware law. This document outlines the background of the reporting persons and provides a summary of past amendments to the Schedule 13D.

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