secwatch.observer — SEC 8-K summary
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Issuer:     MOLINA HEALTHCARE, INC. (MOH)
CIK:        0001179929
Form:       8-K
Filed at:   2026-02-06T23:59:59+00:00
Accession:  0001437749-26-003384
Event type: other_material
Sentiment:  negative
Materiality: 0.70
Item codes: 1.01, 2.03, 2.06, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Molina Healthcare records $93M impairment, eases credit covenant through amendment
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1179929/000143774926003384/0001437749-26-003384-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1179929/000143774926003384/moh20260206_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-26-003384

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