WellCare Health Plans Inc. priced an upsized offering of $750 million aggregate principal amount of 5.375% senior notes due 2026.

The notes will be issued at 100% and bear interest at 5.375%. The first interest payment date will be Feb. 15, 2019. The notes will mature Aug. 15, 2026.

Net proceeds will be used to fund the a portion of cash consideration for the acquisition of Meridian Health Plan of Michigan Inc., Meridian Health Plan of Illinois Inc. and MeridianRx, to pay related fees and expenses as well as for general corporate purposes.

The offering is expected to close on or about Aug. 13.