secwatch.observer — SEC 8-K summary
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Issuer:     CENTENE CORP (CNC)
CIK:        0001071739
Form:       8-K
Filed at:   2025-03-05T23:59:59+00:00
Accession:  0001071739-25-000040
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 1.02, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Centene enters $6B credit facility, replacing prior agreement
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- New $6B facility includes a $4B revolving credit and a $2B term loan, maturing March 5, 2030.
- Proceeds used to refinance existing debt, pay fees, and for working capital and general corporate purposes.
- Covenant requires debt-to-capital ratio not to exceed 0.60:1.00 (0.65 after material acquisitions).
- Interest rate based on S&P/Moody's ratings; on closing date, pricing level III (BBB-/Baa3) applied.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1071739/000107173925000040/0001071739-25-000040-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1071739/000107173925000040/cnc-20250305.htm
  HTML page:      https://secwatch.observer/filing/0001071739-25-000040

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