Centene Corporation’s $1.8 Billion High‑Yield Senior Notes Offering

Cravath represented the initial purchasers, led by Citigroup, SunTrust Robinson Humphrey, Wells Fargo Securities and Barclays, in connection with the $1.8 billion 144A/Reg. S high‑yield senior notes offering by Centene Escrow I Corporation.

Centene Escrow I Corporation is a wholly owned subsidiary of Centene Corporation, a diversified, multi-line healthcare enterprise. Proceeds of the offering will be used to finance the pending acquisition of Fidelis Care New York by Centene Corporation. Following the acquisition, Centene Escrow I Corporation will merge with and into Centene Corporation. The offering closed on May 23, 2018.

The Cravath team included partner Johnny G. Skumpija (Picture) and associates William F. Roegge, Cole-Gabriel DuMond, Arash Ardalan and Michael A. Naclerio on securities matters, and associates Tara L. Rhoades and Andrew L. Mandelbaum on tax matters.

 

Involved fees earner: Johnny Skumpija – Cravath Swaine & Moore; William Roegge – Cravath Swaine & Moore; Cole-Gabriel DuMond – Cravath Swaine & Moore; Arash Ardalan – Cravath Swaine & Moore; Michael Naclerio – Cravath Swaine & Moore; Tara Rhoades – Cravath Swaine & Moore; Andrew Mandelbaum – Cravath Swaine & Moore;

Law Firms: Cravath Swaine & Moore;

Clients: Barclays Bank; Citigroup Inc.; SunTrust Robinson Humphrey, Inc.; Wells Fargo Securities;