Molina Healthcare Announces Pricing of $750 Million Senior Notes Due 2033

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announced the pricing of $750 million aggregate principal amount of its 6.250% senior notes due 2033. These notes, which will not be guaranteed by any of the Company's subsidiaries, are to be sold in a private offering to qualified institutional buyers and certain international investors. The notes will bear interest at a rate of 6.250% per year, payable semi-annually, and will mature on January 15, 2033. The Company intends to use the net proceeds, estimated at approximately $740 million, for general corporate purposes including repayment of indebtedness, funding for acquisitions, share repurchases, capital expenditures, and contributions to health plan subsidiaries. The notes have not been registered under the Securities Act of 1933 and may not be offered or sold within the United States or to U.S. persons without an applicable exemption.

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About Molina Healthcare Inc.

Molina Healthcare Inc. is a managed care company that provides health plans to low-income individuals through government programs like Medicaid and Medicare. Initially founded in 1980 to operate primary care clinics in California, the company focuses on offering affordable healthcare services to underserved populations across the United States. Molina Healthcare specializes in managing healthcare needs for financially vulnerable segments, leveraging its expertise to accommodate the complexities of state-run health programs. Its services include Medicaid management, Medicare Advantage plans, and the Marketplace Exchange, addressing both preventative and emergent health care needs. Serving various demographic groups, Molina is instrumental in enhancing access to healthcare, particularly in regions where medical resources may be limited. In the financial markets, the company is recognized for navigating the intricacies of state and federal healthcare regulations while maintaining a commitment to economically sustainable growth. Molina’s business model not only helps shape public health policy but also plays a critical role in the broader healthcare ecosystem by promoting efficient resource allocation and contributing to the overall well-being of its members.