Cano Health Enters Restructuring Support Agreement With Significant Majority Of Its Lenders

T-Reuters
2024-02-05

Cano Health Inc :Cano Health Enters Restructuring Support Agreement With A Significant Majority Of Its Lenders To Strengthen Financial Position.Receives Commitment For $150 Million In New Capital.> - New Capital Is Expected To Provide Sufficient Liquidity To Support Company'S Ongoing Operations Throughout Restructuring Process..Company Expects To Achieve Approximately $290 Million Of Annualized Cost Reductions By End Of 2024..Expects To Emerge From Restructuring Process In Q2 Of 2024.Cano Health- Restructuring Support Agreement With Lenders Holding About 86% Of Secured Revolving, Term Loan Debt, 92% Of Its Senior Unsecured Notes.Company Expects To Achieve Approximately $290 Million Of Annualized Cost Reductions By End Of 2024..Expects To Achieve Approximately $290 Million Of Annualized Cost Reductions By End Of 2024.Cano Health - Rsa Provides For Conversion Of Nearly $1 Billion In Secured Debt To Combination Of New Debt And Full Equity Ownership In Reorganized Co.Cano Health - Rsa Allows For Solicitation Of Strategic Partnerships And Potential Offers Including Sale Of Company Or Substantially All Its Assets.

免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。

热议股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10