Centene Corporation Announces Full Redemption of $568.7M 4.25% Notes Due 2027

Event Overview: Notice of Debt Redemption

On October 8, 2026, Centene Corporation filed a Current Report on Form 8-K under Item 8.01 (Other Events) disclosing that it delivered a notice of redemption to redeem all of its outstanding 4.25% Notes due December 15, 2027.

Key Transaction Terms

• Security: 4.25% Senior Notes due December 15, 2027
• Principal Amount Redeemed: $568,664,000 (all remaining outstanding notes)
• Redemption Date: October 23, 2026
• Redemption Price: 100% of the principal amount plus accrued and unpaid interest up to, but excluding, the redemption date
• Post-Redemption Status: Zero 2027 Notes will remain outstanding following the transaction
• Trustee: The Bank of New York Mellon Trust Company, N.A.

Financial & Capital Structure Impact

1. Deleveraging / Refinancing Execution: The full retirement of $568.7 million in senior debt removes near-term maturity risk ahead of 2027, reducing annual interest expense associated with this note tranche by approximately $24.2 million.
2. Liquidity Consideration: The redemption is expected to be funded through available cash balances, operating cash flow, or previously secured financing facilities.
3. Market Significance: The redemption represents standard balance sheet management and debt retirement with neutral to mildly positive credit implications.