Molina Healthcare rises after announcing $850 million bond sale

Molina Healthcare

18/11/2025 12:07

** Shares of health insurer Molina Healthcare MOH.N up 3.4% at $141.50 premarket

** Co says it is raising $850 million by selling senior notes that mature in 2031

** The bonds pay 6.5% interest annually, with payments made twice a year starting August 2026 - MOH

** The sale is being made privately to institutional investors and certain buyers outside the U.S., co says

** MOH expects to receive about $838 million after fees and expenses and plans to use the money for general corporate purposes, including paying down existing loans

** Co says the offering is expected to close around Nov. 20, 2025, if standard conditions are met

** Up to last close, stock down 53% YTD

 (Reporting by Sahil Pandey in Bengaluru)

 ((Sahil.Pandey@thomsonreuters.com))