---
schema_version: "secwatch.filing_event.v1"
accession: "0001071739-23-000157"
form_type: "8-K"
ticker: "CNC"
cik: "0001071739"
company_name: "CENTENE CORP"
filed_at: "2023-06-06T23:59:59+00:00"
generated_at: "2026-06-14T06:18:25.898119+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.45
calibrated_materiality_score: 0.45
confidence: "high"
source: SEC EDGAR
---

# Centene amends credit agreement to replace LIBOR with SOFR and remove mandatory prepayment provisions

## Summary
- Replaced LIBOR benchmark with SOFR plus 0.10% credit spread adjustment for USD borrowings.
- Removed certain mandatory prepayment requirements for term loans under the credit agreement.
- Amendment dated May 31, 2023, with Wells Fargo as administrative agent and multiple lenders.
- No Event of Default occurred; company reaffirmed all covenants and representations.

## SEC filing metadata
- accession: 0001071739-23-000157
- form_type: 8-K
- ticker: CNC
- cik: 0001071739
- company_name: CENTENE CORP
- filed_at: 2023-06-06T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.45
- calibrated_materiality_score: 0.45
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1071739/000107173923000157/0001071739-23-000157-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1071739/000107173923000157/cnc-20230531.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001071739-23-000157
- JSON: https://secwatch.observer/filing/0001071739-23-000157.json
- Plain text: https://secwatch.observer/filing/0001071739-23-000157.txt

## Key facts
- Material Agreements
  CENTENE CORP amended First Amendment with Wells Fargo Bank, National Association (effective 2023-05-31).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: Wells Fargo Bank, National Association
  - Effective: 2023-05-31
  source text: On May 31, 2023, Centene Corporation (the “Company”) entered into a first amendment (the “First Amendment”) to the Company’s Fourth Amended and Restated Credit Agreement
  evidence_url: https://www.sec.gov/Archives/edgar/data/1071739/000107173923000157/0001071739-23-000157-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.