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Prospect News home > News index > List of issuers W > Headlines for WellCare Health Plans, Inc. > News item
Published on 3/8/2017 in the Prospect News High Yield Daily and Prospect News Liability Management Daily.

WellCare Health to redeem, repay $900 million of 5¾% notes due 2020

By Susanna Moon

Chicago, March 8 – WellCare Health Plans, Inc. plans to redeem or repay $900 million principal amount of 5¾% senior notes due 2020 using proceeds of a new issue.

WellCare plans to price about $1.2 billion principal amount of senior notes due 2025, according to a company announcement.

Proceeds also will be used to repay the debt from time to time under the company’s revolving credit facility and for general corporate purposes, including organic growth and working capital.

WellCare is a Tampa, Fla.-based Medicaid managed care provider.


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