MOLINA HEALTHCARE, INC. (MOH): debt financing — Molina Healthcare adds $500M delayed draw term loan to fund share repurchases

MOLINA HEALTHCARE, INC.

Added $500M Delayed Draw A-2 Term Loan facility under amended Credit Agreement maturing August 12, 2027.
Interest margin: 0.50% for base rate loans, 1.50% for SOFR-based loans; proceeds for existing stock repurchase program.
New term loan is a temporary bridge pending receipt of subsidiary dividends later in 2025.
Amendment executed August 12, 2025; lenders include Truist, BofA, Barclays, Deutsche, Goldman, JPMorgan, MUFG, Wells Fargo.
No other material changes to existing credit agreement terms or financial covenants.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

MOLINA HEALTHCARE, INC. incurred term loan of $500 million with Truist Bank as Administrative Agent at applicable margin of 0.50% for base rate loans and 1.50% for SOFR-based loans maturing August 12, 2027.

Instrument: term loan
Principal: $500 million
Counterparty: Truist Bank as Administrative Agent
Rate: applicable margin of 0.50% for base rate loans and 1.50% for SOFR-based loans
Maturity: August 12, 2027
Event: incurrence

Exact text from the filing

The Amended Credit Agreement amends and restates the Company’s prior Credit Agreement dated as of June 8, 2020 (as amended prior to August 12, 2025, the “Prior Credit Agreement”). The terms of the Amended Credit Agreement are substantially similar to the terms of the Prior Credit Agreement, but with an additional Delayed Draw A-2 Commitment under the Amended Credit Agreement in an aggregate principal amount of $500 million, with a Delayed Draw A-2 Maturity Date of August 12, 2027 (the “Term Loan A-2”).

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Source: SEC EDGAR

accession 0001437749-25-026208

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