Simpson Thacher Represents Initial Purchasers in Molina’s $750 Million Senior Notes Offering
11.19.24
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The Firm recently represented the initial purchasers in connection with Molina Healthcare, Inc.’s offering of $750 million aggregate principal amount of 6.250% Senior Notes due 2033. The notes were sold to qualified institutional buyers in reliance on Rule 144A and outside the United States to non-U.S. persons pursuant to Regulation S under the Securities Act of 1933, as amended.
Molina Healthcare, Inc. is a managed care company that provides managed health care services under the Medicaid and Medicare programs and through the state insurance Marketplace. Through their locally operated health plans, Molina Healthcare Inc. serves approximately 5.1 million members.
The Simpson Thacher team included Bill Brentani, Dan Webb, Anna LeGrett, Jonathan Kachiu, Britta Vlastelicia and Sabrina Suen (Capital Markets); Jon Cantor and Ruoxi Zhang (Tax); Tristan Brown and Guanxiong Xu (Executive Compensation and Employee Benefits); Sara Liu and Christine Song (Intellectual Property); Vanessa Burrows and Jacob Madden (Healthcare); and Jennie Getsin (Blue Sky).