Molina Healthcare closes $850 million offering of 6.500% senior notes due 2031
Molina Healthcare completed a private offering of $850 million of 6.500% senior notes maturing February 15, 2031, and entered a new revolving credit agreement with Truist Bank that replaces its prior credit agreement dated June 8, 2020. The company expects net proceeds of approximately $838 million, which it intends to use for general corporate purposes, including repaying delayed draw term loans under its existing credit agreement. The filing adds $850 million of senior debt with semi-annual interest payments, and the company states that the new credit agreement's covenants were amended in a manner favorable to it.
Key points
- Notes: $850 million principal, 6.500% annual interest, paid semi-annually from August 15, 2026, maturing February 15, 2031
- Net proceeds of approximately $838 million after fees and expenses, to fund general corporate purposes and repay delayed draw term loans
- Notes are redeemable on and after December 15, 2027, and the company has a new credit agreement with Truist Bank as administrative agent, replacing the June 8, 2020 agreement
The filing
Written by AI on Nov 8, 2026, 12:56 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on November 20, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.