Molina Healthcare Finalizes $750 Million Senior Notes Offering

Molina Healthcare, Inc. has successfully closed its offering of $750 million in senior notes, set to mature in 2033. These notes carry an interest rate of 6.250% per annum and are offered to qualified institutional buyers under Rule 144A of the Securities Act of 1933 and to certain individuals outside the U.S. under Regulation S. Interest payments are scheduled semi-annually, beginning July 15, 2025, with maturity on January 15, 2033. The net proceeds, after fees, amount to approximately $740 million, which Molina Healthcare plans to use for general corporate purposes, including debt repayment, acquisitions, share buybacks, capital expenditures, and enhancing working capital. These notes are not registered under the Securities Act and are restricted from being offered or sold within the U.S. except through transactions exempt from registration requirements. Molina Healthcare is a FORTUNE 500 company providing managed healthcare services through Medicaid, Medicare, and state insurance marketplaces.