MOLINA HEALTHCARE, INC. (MOH): restructuring charge — Molina Healthcare records $93M impairment, eases credit covenant through amendment

MOLINA HEALTHCARE, INC.

Pre-tax non-cash impairment charge of ~$93M in Q1 2026 from exiting Medicare Advantage Prescription Drug product for 2027.
Company shifts focus to dual-eligible Medicare members; impairment charge excluded from adjusted net income.
First Amendment to Credit Agreement temporarily reduces required minimum interest coverage ratio to 1.75:1.00 for fiscal quarters ending March 31, 2026 through December 31, 2026.
Interest coverage ratio steps up to 2.00:1.00 (Q1 2027), 2.50:1.00 (Q2 2027), 2.75:1.00 (Q3 2027), then returns to 3.00:1.00.
Covenant relief obtained from Truist Bank and other lenders effective February 4, 2026.

item 1.01 item 2.03 item 2.06 item 9.01

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. amended credit facility with Truist Bank, as Administrative Agent.

Instrument: credit facility
Counterparty: Truist Bank, as Administrative Agent
Event: amendment

Exact text from the filing

The information set forth in Item 1.01 of this Current Report on Form 8-K with respect to the Amended Credit Agreement is incorporated by reference into this Item 2.03.

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

MOLINA HEALTHCARE, INC. amended First Amendment to its Credit Agreement with Truist Bank, as Administrative Agent (effective 2026-02-04).

Action: amendment
Agreement: credit facility
Counterparty: Truist Bank, as Administrative Agent
Effective: 2026-02-04

Exact text from the filing

On February 4, 2026, Molina Healthcare, Inc. (the “Company”) entered into a First Amendment to its Credit Agreement (the “Amended Credit Agreement”) among the Company, as the Borrower, the Lenders (as defined therein) party thereto, and Truist Bank, as Administrative Agent.

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Restructurings & Charges SEC 8-K Item 2.05/2.06 confidence 0.95

MOLINA HEALTHCARE, INC. announced a impairment with charges of estimated non-cash, pre-tax impairment charge of approximately $93 million, attributable to certain of its intangible assets affecting intangible assets.

Type: impairment
Charge: estimated non-cash, pre-tax impairment charge of approximately $93 million, attributable to certain of its intangible assets
Affected area: intangible assets

Exact text from the filing

On February 5, 2026, the Company concluded that it will record in the first quarter of 2026 an estimated non-cash, pre-tax impairment charge of approximately $93 million, attributable to certain of its intangible assets.

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41 debt financings filed in the last 30 days. Browse all debt financings →

MOLINA HEALTHCARE, INC. filing history →

Source: SEC EDGAR

accession 0001437749-26-003384

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