MOLINA HEALTHCARE, INC. (NYSE:MOH) Files An 8-K Entry into a Material Definitive Agreement
Item 1.01. Entry into a Material Definitive Agreement.
into a Third Amendment (the Third Amendment) to its existing
Credit Agreement, dated as of June 12, 2015 (as amended, the
Credit Agreement), by and among the Company, the Guarantors party
thereto, the Lenders party thereto and SunTrust Bank, as
Administrative Agent, Issuing Bank and Swingline Lender, with
respect to the Companys unsecured revolving credit facility in
the aggregate principal amount of $500.0 million.
Specified Cash to permit such cash that is either subject to
customary escrow arrangements or held in a segregated account to
be netted from the Credit Agreements consolidated net leverage
ratio if the use of the cash is limited to the repayment of other
Indebtedness (or used to fund a Permitted Acquisition, in the
case of cash held in escrow). The Third Amendment also adds a
carve-out to the Credit Agreements negative pledge covenant to
allow for the escrow arrangements and segregated accounts (to the
extent such segregated account is deemed to have incurred an
encumbrance in connection with any covenants applicable to the
proceeds contained in such segregated account) permitted in the
definition of Specified Cash.
be complete and is subject to, and qualified in its entirety by,
the full text of the Third Amendment. A copy of the Third
Amendment is being filed as Exhibit 10.1 hereto and is
incorporated herein by reference.
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Exhibit No.
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Description
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10.1
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Third Amendment to Credit Agreement, dated as of May
19, 2017, by and among Molina Healthcare, Inc., the Guarantors party thereto, the Lenders party thereto and SunTrust Bank, in its capacities as Administrative Agent, Issuing Bank and Swingline Lender. |
About MOLINA HEALTHCARE, INC. (NYSE:MOH)
Molina Healthcare, Inc. offers Medicaid-related solutions for low-income families and individuals, and assists government agencies in their administration of the Medicaid program. The Company operates through three segments: Health Plans, Molina Medicaid Solutions and Other. Its Health Plans segment consists of health plans in approximately 10 states and the Commonwealth of Puerto Rico, and its direct delivery business. Its direct delivery business consists of the operation of primary care clinics in various states in which it operates health plans. Its Molina Medicaid Solutions segment provides design, development, implementation (DDI) and business process outsourcing (BPO) solutions to state governments for their Medicaid management information systems (MMIS). The Other segment includes other businesses, such as its Pathways Health and Community Support LLC (Pathways) behavioral health and social services provider. MOLINA HEALTHCARE, INC. (NYSE:MOH) Recent Trading Information
MOLINA HEALTHCARE, INC. (NYSE:MOH) closed its last trading session 00.00 at 67.38 with 1,098,909 shares trading hands.
