Centene’s $2 Billion Revolving Credit Facility

Cravath represented Wells Fargo, as administrative agent, and Barclays, as lead arranger, in connection with the arrangement of a $2 billion revolving credit facility made available to Centene Corporation.

Centene Corporation operates as a multi-line managed care organization that provides medicaid and medicaid-related programs. The Company offers health plans in several states. Centene also provides specialty services including behavioral health, nurse triage, and treatment compliance.

The Cravath team included partner Stephen M. Kessing (Picture) and associates Adam G. DiSimine and Michael A. Naclerio on banking matters, and associate Rebecca L. Fine on tax matters.

Involved fees earner: Adam DiSimine – Cravath Swaine & Moore; Rebecca Fine – Cravath Swaine & Moore; Stephen Kessing – Cravath Swaine & Moore; Michael Naclerio – Cravath Swaine & Moore;

Law Firms: Cravath Swaine & Moore;

Clients: Barclays Bank; Wells Fargo;

Author: Ambrogio Visconti