Wellpath Takes Action to Strengthen Financial Foundation and Position Business for Future, Ensuring Uninterrupted Service Delivery [Yahoo! Finance]
FTI Consulting, Inc. (FCN)
Last fti consulting, inc. earnings: 4/30 07:30 am
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Source: Yahoo! Finance
Secures up to $160 million in new financing to support ongoing business operations NASHVILLE, Tenn., November 12, 2024 BUSINESS WIRE )--Wellpath, the nation's leader in providing compassionate medical healthcare to at-risk patients in correctional and mental health facilities, today announced it has reached a comprehensive agreement with approximately 85% of its first lien lenders and over 80% of its second lien lenders to strengthen the Company's financial foundation and position Wellpath for long-term success. As part of the agreement, Wellpath intends to: Sell its Recovery Solutions business to certain of its lenders (the "Ad Hoc Lender Group") that will provide new money financing to Wellpath through a debtor in possession financing facility. Members of the Ad Hoc Lender Group will serve as the "stalking horse bidder" in a court-supervised auction and sale process. Initiate a separate reorganization of Wellpath Correctional Healthcare, which includes its Local Government an
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FCN
Earnings
- 10/24/24 - Miss
FCN
Sec Filings
- 11/7/24 - Form SCHEDULE
- 10/28/24 - Form 8-K
- 10/25/24 - Form 8-K
- FCN's page on the SEC website