secwatch.observer — SEC 8-K summary
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Issuer:     CENTENE CORP (CNC)
CIK:        0001071739
Form:       8-K
Filed at:   2023-06-06T23:59:59+00:00
Accession:  0001071739-23-000157
Event type: debt
Sentiment:  neutral
Materiality: 0.45
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1071739/000107173923000157/0001071739-23-000157-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1071739/000107173923000157/cnc-20230531.htm
  HTML page:      https://secwatch.observer/filing/0001071739-23-000157

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