Centene Corp Files 8-K on Agreements and Obligations

TL;DR

Centene's 8-K shows new deals made and broken, plus new debt obligations.

AI Summary

On March 5, 2025, Centene Corporation filed an 8-K report detailing the entry into and termination of material definitive agreements, as well as the creation of direct financial obligations. The filing also includes financial statements and exhibits related to these events.

Why It Matters

This filing indicates significant changes in Centene's contractual and financial commitments, which could impact its operational structure and financial health.

Risk Assessment

Risk Level: medium — The termination of material agreements and creation of new financial obligations suggest potential shifts in the company's business strategy or financial standing that warrant closer examination.

Key Players & Entities

• Centene Corporation (company) — Registrant
• March 5, 2025 (date) — Date of earliest event reported

FAQ

From the Filing

0001071739-25-000040.txt : 20250305 0001071739-25-000040.hdr.sgml : 20250305 20250305165341 ACCESSION NUMBER: 0001071739-25-000040 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 14 CONFORMED PERIOD OF REPORT: 20250305 ITEM INFORMATION: Entry into a Material Definitive Agreement ITEM INFORMATION: Termination of a Material Definitive Agreement ITEM INFORMATION: Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20250305 DATE AS OF CHANGE: 20250305 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CENTENE CORP CENTRAL INDEX KEY: 0001071739 STANDARD INDUSTRIAL CLASSIFICATION: HOSPITAL & MEDICAL SERVICE PLANS [6324] ORGANIZATION NAME: 02 Finance IRS NUMBER: 041406317 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-31826 FILM NUMBER: 25712081 BUSINESS ADDRESS: STREET 1: 7700 FORSYTH BLVD. CITY: ST LOUIS STATE: MO ZIP: 63105 BUSINESS PHONE: 3147254477 MAIL ADDRESS: STREET 1: 7700 FORSYTH BLVD. CITY: ST LOUIS STATE: MO ZIP: 63105 8-K 1 cnc-20250305.htm 8-K cnc-20250305 0001071739 false 0001071739 2025-03-05 2025-03-05 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): March 5, 2025 CENTENE CORPORATION (Exact Name of Registrant as Specified in Charter) Delaware 001-31826 42-1406317 (State or Other Jurisdiction of Incorporation) (Commission File Number) (IRS Employer Identification No.) 7700 Forsyth Boulevard, St. Louis, Missouri 63105 (Address of Principal Executive Offices) (Zip Code) Registrant’s telephone number, including area code: ( 314 ) 725-4477 (Former Name or Former Address, if Changed Since Last Report): N/A Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below): ☐      Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ☐      Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ☐      Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ☐      Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol(s) Name of each exchange on which registered Common stock, $0.001 Par Value CNC New York Stock Exchange Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).   Emerging growth company  ☐   If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  ☐ ITEM 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT. On March 5, 2025 (the Effective Date), Centene Corporation, a Delaware corporation (Centene), entered into a new Credit Agreement (the New Credit Agreement) by and among Centene, the lenders from time to time party thereto and Wells Fargo Bank, National Association (Wells Fargo), as the administrative agent for the lenders, and, substantially contemporaneously therewith, Centene terminated all outstanding commitments and repaid all outstanding obligations under that certain Fourth Amended and Restated Credit Agreement, dated as of August 16,