| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers M > Headlines for ModivCare Inc. > News item |
ModivCare upsizes to $500 million, talks eight-year notes to yield 5%-5¼%; pricing Tuesday
By Paul A. Harris
Portland, Ore., Aug. 10 – ModivCare Inc. upsized its offering of eight-year senior notes (B2/B+) to $500 million from $400 million and talked them to yield 5% to 5¼%, according to market sources.
The Rule 144A and Regulation S deal is set to price on Tuesday.
Deutsche Bank Securities Inc. is leading the offering.
The Rule 144A and Regulation S notes come with three years of call protection.
The issuing entity will be special purpose vehicle ModivCare Issuer Escrow Corp.
The Atlanta-based health care services provider plans to use the proceeds to support its acquisition of VRI Intermediate Holdings LLC.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.