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Centene announces final results for WellCare-issued notes

Centene Corp. announced the final results for two series of notes issued by WellCare Health Plans Inc.

As of the expiration date on Jan. 21, roughly $1.15 billion of the $1.20 billion in 5.25% senior notes due 2025 and about $747.2 million of the $750.0 million in 5.375% senior notes due 2026 had been validly tendered.

The notes are to be exchanged for up to $1.95 billion of new notes to be issued by Centene and cash.

The settlement date is expected to occur on or about Jan. 23, immediately before the closing of Centene's merger with WellCare, which earlier received regulatory approval.