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Centene Corporation Announces Results of Cash Tender Offer for Any and All of its 4.75% Senior Notes due 2025
February 18, 2021 GMT
ST. LOUIS, Feb. 18, 2021 /PRNewswire/ Centene Corporation (NYSE: CNC) (“Centene” or the “Company”) announced the results of its previously announced tender offer (the “Tender Offer”) to purchase for cash any and all of its outstanding $2,200,000,000 aggregate principal amount of 4.75% Senior Notes due 2025 (the “2025 Notes”) from each registered holder of the 2025 Notes (the “Holders”), which expired as of 5:00 p.m., New York City time, on February 17, 2021 (the “Expiration Time”). The Tender Offer was made pursuant to an Offer to Purchase, dated February 10, 2021 (the “Offer to Purchase”), and the related letter of transmittal and notice of guaranteed delivery for the Tender Offer (together with the Offer to Purchase, the “Offer
Centene Corporation Prices Offering of Senior Notes
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Centene or the
Company ) announced today that it has priced its previously announced underwritten public offering of $2,200,000,000 aggregate principal amount of 2.50% senior notes due 2031 (the
Notes ). The offering is expected to close on or about February 17, 2021, subject to customary closing conditions.
Centene intends to use the net proceeds from the offering of the Notes, together with cash on hand, to (1) fund the purchase price for the Company s 4.75% Senior Notes due 2025 (the
2025 Notes ) accepted for purchase by the Company in its concurrent cash tender offer (the
Tender Offer ) for any and all $2,200,000,000 outstanding aggregate principal amount of the 2025 Notes, (2) redeem any remaining 2025 Notes not validly tendered and accepted for purchase pursuant to the Tender Offer, in accordance with the indentures governing the 2025 Notes, and (3) pay all premiums, accru
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Centene Corporation Commences Tender Offer for Any and All 4.75% Senior Notes Due 2025
February 10, 2021 GMT
ST. LOUIS, Feb. 10, 2021 /PRNewswire/ Centene Corporation (NYSE: CNC) (“Centene” or the “Company”) announced today that it has commenced a cash tender offer (the “Tender Offer”) for any and all of its outstanding 4.75% Senior Notes due 2025 (the “2025 Notes”). The Tender Offer is being made on the terms and subject to the conditions set forth in the Offer to Purchase dated February 10, 2021 (the “Offer to Purchase”) and the related letter of transmittal and notice of guaranteed delivery (collectively, the “Offer Documents”).