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Centene Corporation Announces Pricing Of Notes

Stocks in this article: CNC





ST. LOUIS, Nov. 2, 2012 /PRNewswire/ -- Centene Corporation (NYSE: CNC) ("Centene") today announced that on November 2, 2012 it priced $175 million aggregate principal amount of its 5.75% Senior Notes due 2017 (the "Senior Notes"), an increase from the $150 million initially announced, in a public offering made pursuant to a registration statement and a related preliminary prospectus supplement filed by Centene with the Securities and Exchange Commission ("SEC"). The underwriters were led by Barclays and Wells Fargo Securities, with Allen & Company LLC, Fifth Third Securities, Inc., SunTrust Robinson Humphrey and US Bancorp as co-managers of the offering. The Senior Notes will be issued at 106.00% plus accrued interest from June 1, 2012 and bear interest at 5.75%, resulting in a yield of 4.288%. The Senior Notes are an additional issuance of, will be fully fungible with, rank equally with, and form a single series with Centene's $250 million 5.75% Senior Notes due 2017 issued on May 27, 2011, and will have the same CUSIP number. The offering is expected to close on or about November 7, 2012. The issuance of the Senior Notes will be subject to customary closing conditions.

Centene intends to use the net proceeds of the offering for general corporate purposes, primarily including the funding of statutory capital.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. The offering is being made by means of a prospectus and the related preliminary prospectus supplement. Before you invest, you should read the prospectus and the related preliminary prospectus supplement, the registration statement and other documents that Centene has filed with the SEC for more complete information about Centene and this offering. Copies of the prospectus, the related preliminary prospectus supplement and registration statement can be obtained at no charge from Barclays Capital Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, New York, NY 11717 or by telephone at 888-603-5847 or e-mail at barclaysprospectus@broadridge.com. Investors may also obtain these and other documents Centene has filed with the Securities and Exchange Commission for free by visiting the EDGAR system on the SEC's website at www.sec.gov.

About Centene Corporation



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