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OFFON

MOLINA HEALTHCARE, INC.

(MOH)
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Molina Healthcare, Inc. Completes Private Offering of $750.0 Million Aggregate Principal Amount of the Company?s 3.875% Senior Notes Due 2032

11/16/2021 | 04:35pm EST

On November 16, 2021 Molina Healthcare, Inc. completed the private offering of $750.0 million aggregate principal amount of the Company?s 3.875% Senior Notes due 2032 (the ?Notes?) pursuant to an indenture, dated as of the Settlement Date, by and between the Company and U.S. Bank National Association, as trustee. The Notes bear interest at the rate of 3.875% per year. Interest on the Notes is payable semi-annually in arrears on May 15 and November 15 of each year, commencing May 15, 2022. Interest accrues from the Settlement Date. The Notes will mature on May 15, 2032. The Notes are senior unsecured obligations of the Company and rank pari passu in right of payment with all existing and future senior debt and senior to all existing and future subordinated debt of the Company. The Notes are effectively subordinated to all existing and future secured debt of the Company to the extent of the value of the assets securing such debt. In addition, the Notes are structurally subordinated to all indebtedness and other liabilities, including trade payables, of the Company?s subsidiaries. Each of the Company?s subsidiaries that guarantees any of the Company?s indebtedness under its credit agreement in the future will be required to guarantee the Notes on a pari passu basis. The Notes will not initially be guaranteed by any of the Company?s subsidiaries. The Notes are redeemable on and after February 15, 2032 at par plus accrued and unpaid interest, if any, to, but not including, the redemption date. In addition, the Company may redeem some or all of the Notes prior to February 15, 2032 at a redemption price equal to 100% of the principal amount of the Notes redeemed plus accrued and unpaid interest, if any, to, but not including, the redemption date, plus an applicable ?make-whole premium?.


ę S&P Capital IQ 2021
All news about MOLINA HEALTHCARE, INC.
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Analyst Recommendations on MOLINA HEALTHCARE, INC.
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Financials (USD)
Sales 2021 27 440 M - -
Net income 2021 714 M - -
Net cash 2021 2 974 M - -
P/E ratio 2021 23,0x
Yield 2021 -
Capitalization 16 413 M 16 413 M -
EV / Sales 2021 0,49x
EV / Sales 2022 0,39x
Nbr of Employees 10 500
Free-Float 99,1%
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Mean consensus OUTPERFORM
Number of Analysts 15
Last Close Price 281,05 $
Average target price 336,71 $
Spread / Average Target 19,8%
EPS Revisions
Managers and Directors
Joseph M. Zubretsky President, Chief Executive Officer & Director
Mark L. Keim Chief Financial Officer
Dale B. Wolf Chairman
Jason Dees Senior Vice President-Marketplace
Ronna E. Romney Vice Chairman
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