Centene ( (CNC) ) has issued an update.
On March 5, 2025, Centene Corporation entered into a new Credit Agreement with Wells Fargo and other lenders, replacing its previous credit agreement from 2021. The new agreement includes a $4 billion revolving credit facility and a $2 billion term loan facility, both maturing in 2030. This move aims to refinance existing debt and support corporate operations, with loans available in multiple currencies and subject to interest rates based on Centene’s credit ratings. The agreement imposes financial covenants and allows for voluntary prepayments, reflecting Centene’s strategic financial management.
More about Centene
YTD Price Performance: -4.36%
Average Trading Volume: 5,272,076
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $28.71B
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