Monitor Centene's upcoming quarterly earnings for updated leverage ratios and interest expense savings. The redemption is a modest credit positive but does not change the fundamental earnings outlook.
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Executive Summary
Centene announced the redemption of all remaining $568.7 million of its 4.25% Notes due December 2027, with the redemption date set for October 23, 2026. This debt reduction is a credit-positive event that reduces leverage and interest expense, but is a routine capital management action with no impact on the company's operational performance or earnings guidance.
Key Facts
- Centene will redeem all remaining $568,664,000 of its 4.25% Notes due December 15, 2027 on October 23, 2026.
- The redemption price is 100% of principal plus accrued and unpaid interest to the redemption date.
- Following the redemption, no 2027 Notes will remain outstanding.
- The redemption is being executed under the terms of the indenture dated December 6, 2019.
Financial Impact
Reduction of $568.7 million in debt principal; future interest savings of approximately $24.2 million annually (4.25% rate).
Risk Factors
- No material risks identified from this routine debt redemption.
Investment Themes
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001071739-26-000186 |
| Document: 0001071739-26-000186-index-headers.html | 0001071739-26-000186 |
| Document: 0001071739-26-000186-index.html | 0001071739-26-000186 |
| Document: 0001071739-26-000186.txt | 0001071739-26-000186 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 26, 2026 1d ago | 8-K | $67.58 | awaiting T+1 | awaiting T+1 | $68.71 (+1.68%) |
Oct 23, 2026 4d ago | Institutional Cluster | $70.17 $68.03 | ▼ −3.05% | ▼ −3.76% | $68.71 (−2.08%) |
Oct 8, 2026 19d ago | 8-K | $64.54 $65.36 | ▲ +1.27% | ▲ +0.67% | $68.71 (+6.46%) |
Aug 17, 2026 10w ago | 8-K | $64.41 $65.22 | ▲ +1.26% | ▲ +1.93% | $68.71 (+6.68%) |
Aug 17, 2026 10w ago | Press Release | $64.41 $65.22 | ▲ +1.26% | ▲ +1.93% | $68.71 (+6.68%) |
Jul 16, 2026 14w ago | Court Ruling | $66.44 $65.84 | ▼ −0.90% | ▼ −0.74% | $68.71 (+3.42%) |
Jul 9, 2026 15w ago | Press Release | $67.60 $67.35 | ▼ −0.37% | ▼ −0.80% | $68.71 (+1.64%) |
Jun 22, 2026 18w ago | 8-K | $63.14 $62.97 | ▼ −0.27% | ▼ −0.22% | $68.71 (+8.82%) |
Jun 11, 2026 19w ago | Institutional Cluster | $63.54 $65.19 | ▲ +2.60% | ▲ +2.06% | $68.71 (+8.14%) |
May 15, 2026 23w ago | 8-K | $58.19 $59.12 | ▲ +1.61% | ▲ +2.26% | $68.71 (+18.09%) |
US Market Status
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