Cano health enters restructuring support agreement with a significant majority of its lenders to strengthen financial position

Positions the company to advance its ongoing transformation plan designed to significantly reduce costs, enhance productivity, and improve cash flow receives commitment for $150 million in new capital ensures patients continue to receive high-quality care across medical centers miami , feb. 4, 2024 /prnewswire/ -- cano health, inc. (nyse: cano) ("cano health" or the "company"), a leading value-based primary care provider and population health company, today announced that it has entered into a restructuring support agreement (the "rsa") with lenders (the "ad hoc lender group") holding approximately 86% of its secured revolving and term loan debt and 92% of its senior unsecured notes. this agreement enables cano health to substantially reduce its debt and position the company to achieve long-term success.
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