Centene Corp., the Clayton-based managed care provider, announced Thursday that it has launched a senior debt offering of about $500 million.
Centene plans to use proceeds from the sale to repay amounts outstanding under its revolving credit facility and to pay related fees and expenses, according to a press release.
The 4.75 percent notes are due in 2022. Citigroup, Barclays, SunTrust Robinson Humphrey and Wells Fargo Securities are underwriting the offering. Morgan Stanley, Evercore ISI, Fifth Third Securities, Regions Securities LLC and US Bancorp are co-managers of the offering.
Read more: St. Louis Business Journal