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

T-Reuters

05 Feb 2024

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.

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-  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.</cano.n></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4185","symbol_name":"保健护理机构","start_time":0,"source_url":"https://www.trkd.thomsonreuters.com","article_id":"2409263961","we_media_id":"1086160438","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2409263961","pubTimestamp":1707109523,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"T-Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1086160438","head_image":"https://static.tigerbbs.com/a113a995fbbc262262d15a5ce37e7bc5"},"summary":"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 ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4185":"保健护理机构"},"translate_title":"卡诺健康与绝大多数贷款人达成重组支持协议","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CANO":1},"content_text":"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.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"code":"91000000","status":"200"}}}