secwatch.observer — SEC 8-K summary
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Issuer:     MOLINA HEALTHCARE, INC. (MOH)
CIK:        0001179929
Form:       8-K
Filed at:   2024-09-23T23:59:59+00:00
Accession:  0001437749-24-029806
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Molina Healthcare increases revolver to $1.25B, extends maturity to 2029
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- Revolving credit facility increased from $1.0B to $1.25B.
- Maturity extended from June 2025 to September 2029.
- Incremental term loan capacity raised to $800M plus unlimited if leverage ≤4.00x.
- Maximum leverage ratio allowed to increase to 4.50x for four quarters post-material acquisition.
- Interest rate margins: base rate 0.0%-1.00%, SOFR 1.00%-2.00%, commitment fee 0.25%-0.35%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1179929/000143774924029806/0001437749-24-029806-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1179929/000143774924029806/moh20240922_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-029806

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer