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WS Investor 22 Feb 2025, 12:49
Molina Healthcare, Inc. has entered into a Third Amendment to its Credit Agreement with Truist Bank and other lenders, amending the original agreement dated June 8, 2020. The amendment introduces a $500 million Delayed Draw Commitment available until June 19, 2025, which can be used for general corporate purposes. The Delayed Draw Term Loans will mature on February 19, 2027, with an interest margin of 0.125% for base rate loans and 1.125% for SOFR-based loans. A 0.25% per annum ticking fee will be applied to the unused portion of the commitment during the availability period.

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