debt
confidence high
sentiment neutral
materiality 0.55
Molina Healthcare closes $750M 6.250% senior notes due 2033
MOLINA HEALTHCARE, INC.
- Issued $750M aggregate principal amount of 6.250% Senior Notes due Jan 15, 2033.
- Interest payable semi-annually on Jan 15 and Jul 15, commencing Jul 15, 2025.
- Net proceeds of ~$740M; after fees and expenses.
- Intends to use net proceeds for general corporate purposes: debt repayment, acquisitions, share repurchases, capex, and health plan capital contributions.