<SEC-DOCUMENT>0001157523-18-001803.txt : 20180813
<SEC-HEADER>0001157523-18-001803.hdr.sgml : 20180813
<ACCEPTANCE-DATETIME>20180813161518
ACCESSION NUMBER:		0001157523-18-001803
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20180813
ITEM INFORMATION:		Termination of a Material Definitive Agreement
FILED AS OF DATE:		20180813
DATE AS OF CHANGE:		20180813

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			MOLINA HEALTHCARE INC
		CENTRAL INDEX KEY:			0001179929
		STANDARD INDUSTRIAL CLASSIFICATION:	HOSPITAL & MEDICAL SERVICE PLANS [6324]
		IRS NUMBER:				134204626
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-31719
		FILM NUMBER:		181012413

	BUSINESS ADDRESS:	
		STREET 1:		200 OCEANGATE, SUITE 100
		CITY:			LONG BEACH
		STATE:			CA
		ZIP:			90802
		BUSINESS PHONE:		5624353666

	MAIL ADDRESS:	
		STREET 1:		200 OCEANGATE, SUITE 100
		CITY:			LONG BEACH
		STATE:			CA
		ZIP:			90802
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>a51851522.htm
<DESCRIPTION>MOLINA HEALTHCARE, INC. 8-K
<TEXT>
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      <font style="font-size: 12pt; font-family: Times New Roman">UNITED STATES</font><font style="font-size: 12pt; font-family: Times New Roman"><br style="font-size: 12pt; font-family: Times New Roman"></font><font style="font-size: 12pt; font-family: Times New Roman">SECURITIES
      AND EXCHANGE COMMISSION</font><br><font style="font-size: 10pt; font-family: Times New Roman">Washington,
      D.C. 20549</font><br><font style="font-family: Times New Roman"><b>______________</b></font><br>
    </p>
    <p style="text-align: center">
      <font style="font-size: 18pt; font-family: Times New Roman"><b>FORM 8-K</b></font><br><font style="font-family: Times New Roman"><b>______________</b></font><br>
    </p>
    <p style="text-align: center">
      <font style="font-size: 12pt; font-family: Times New Roman"><b>Current
      Report</b></font><br>
    </p>
    <p style="text-align: center">
      <font style="font-size: 12pt; font-family: Times New Roman"><b>Pursuant
      to Section 13 or 15(d) of the Securities Exchange Act of 1934</b></font><br>
    </p>
    <p style="text-align: center">
      <font style="font-size: 10pt; font-family: Times New Roman">Date of
      Report (Date of earliest event reported): August 13, 2018 (August 13,
      2018)</font><font style="font-size: 10pt; font-family: Times New Roman"><b><br style="font-size: 10pt; font-family: Times New Roman"></b></font><b><font style="font-family: Times New Roman">______________</font></b><br>
    </p>
    <p style="text-align: center">
      <font style="font-size: 18pt; font-family: Times New Roman"><b>MOLINA
      HEALTHCARE, INC.</b></font><br><font style="font-size: 10pt; font-family: Times New Roman">(Exact
      name of registrant as specified in its charter)</font><br><br>
    </p>
    <div style="text-align:center">
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          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>Delaware</b>
          </p>
        </td>
        <td style="padding-right: 0.0px; text-align: center; white-space: nowrap; width: 30%; padding-left: 0.0px" valign="bottom">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>1-31719</b>
          </p>
        </td>
        <td style="padding-right: 0.0px; text-align: center; white-space: nowrap; width: 35%; padding-left: 0.0px" valign="bottom">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>13-4204626</b>
          </p>
        </td>
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          <p style="margin-top: 0px; margin-bottom: 0px">
            (State or other jurisdiction of<br>incorporation)
          </p>
        </td>
        <td style="text-align: center; width: 30%; padding-left: 0.0px" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            (Commission File Number)
          </p>
        </td>
        <td style="text-align: center; width: 35%; padding-left: 0.0px" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            (I.R.S. Employer Identification No.)
          </p>
        </td>
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    <p style="text-align: center">
      <font style="font-family: Times New Roman"><b>______________</b></font><br>
    </p>
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          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>200 Oceangate, Suite 100, Long Beach, California 90802 </b>
          </p>
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          <p style="margin-top: 0px; margin-bottom: 0px">
            (Address of principal executive offices)
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p style="text-align: center">
      <font style="font-size: 10pt; font-family: Times New Roman">Registrant&#8217;s
      telephone number, including area code:</font><font style="font-size: 10pt; font-family: Times New Roman"><b>
      (562) 435-3666</b></font>
    </p>
    <p>
      <br>
      <font style="font-size: 10pt; font-family: Times New Roman">Check the
      appropriate box below if the Form 8-K filing is intended to
      simultaneously satisfy the filing obligation of the registrant under any
      of the following provisions:</font>
    </p>
    <p>
      <font style="font-size: 10pt; font-family: Arial Unicode MS">&#8414;</font>
      <font style="font-size: 10pt; font-family: Times New Roman">Written
      communications pursuant to Rule 425 under the Securities Act (17 CFR
      230.425)</font>
    </p>
    <p>
      <font style="font-size: 10pt; font-family: Arial Unicode MS">&#8414;</font>
      <font style="font-size: 10pt; font-family: Times New Roman">Soliciting
      material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
      240.14a-12)</font>
    </p>
    <p>
      <font style="font-size: 10pt; font-family: Arial Unicode MS">&#8414;</font>
      <font style="font-size: 10pt; font-family: Times New Roman">Pre-commencement
      communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
      240.14d-2(b))</font>
    </p>
    <p>
      <font style="font-size: 10pt; font-family: Arial Unicode MS">&#8414;</font>
      <font style="font-size: 10pt; font-family: Times New Roman">Pre-commencement
      communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
      240.13e-4(c))</font>
    </p>
    <p>
      Indicate by check mark whether the registrant is an emerging growth
      company as defined in Rule 405 of the Securities Act of 1933 (&#167;230.405
      of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934
      (&#167;240.12b-2 of this chapter)
    </p>
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          <p style="margin-top: 0px; margin-bottom: 0px">
            Emerging growth company
          </p>
        </td>
        <td style="text-align: center; width: 5%; padding-left: 0.0px" valign="bottom">
          <p style="font-size: 10pt; font-family: Times New Roman">
            <font style="font-size: 10pt; font-family: Arial Unicode MS">&#8414;</font>
          </p>
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          <p style="margin-top: 0px; margin-bottom: 0px">
            If an emerging growth company, indicate by check mark if the
            registrant has elected not to use the extended transition period
            for complying with any new or revised financial accounting
            standards provided pursuant to Section 13(a) of the Exchange Act.
          </p>
        </td>
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            <font style="font-size: 10pt; font-family: Arial Unicode MS">&#8414;</font>
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    <p style="white-space: nowrap">
      <b>Item 1.02.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Termination of a Material Definitive Agreement.</b>
    </p>
    <p style="text-align: justify">
      On August 13, 2018, Molina Healthcare, Inc. (the&#160;&#8220;Company&#8221;) terminated
      the aggregate commitments under that certain Bridge Credit Agreement,
      dated as of January 2, 2018 (the&#160;&#8220;Bridge Credit Agreement&#8221;), with
      SunTrust Bank, Barclays Bank PLC, The Bank of Tokyo-Mitsubishi UFJ,
      Ltd., Bank of America, N.A., and Morgan Stanley Senior Funding, Inc., as
      Lenders, and SunTrust Bank, as Administrative Agent.
    </p>
    <p style="text-align: justify">
      The Bridge Credit Agreement provided for a 364-day unsecured senior
      bridge facility in an aggregate principal amount of up to $550.0 million
      to be used to (i) satisfy conversions of the Company&#8217;s 1.125% Cash
      Convertible Senior Notes due 2020 (the &#8220;1.125% Notes&#8221;), (ii) satisfy
      and/or refinance indebtedness incurred to satisfy conversions of the
      1.125% Notes, (iii) repay or refinance the Company&#8217;s existing revolving
      credit facility, and (iv) pay fees and expenses in connection with the
      foregoing (collectively,&#160;&#160;&#8220;Funding Purposes&#8221;).&#160;&#160;Subject to the
      satisfaction of certain conditions, the remaining amount of any
      borrowings was available to be used for general corporate purposes.
    </p>
    <p style="text-align: justify">
      No amounts were borrowed by the Company pursuant to the Bridge Credit
      Agreement and no early termination fees or penalties are payable by the
      Company as a result of its termination of the Bridge Credit
      Agreement.&#160;&#160;The decision to terminate the Bridge Credit Agreement was
      based primarily on the Company&#8217;s determination that it no longer
      required the bridge credit facility to satisfy the Funding Purposes.&#160;
    </p>
    <p style="text-align: justify">
      Some of the lenders under the Bridge Credit Agreement (and their
      respective subsidiaries or affiliates) have in the past provided, and
      are currently providing, investment banking, underwriting, lending,
      commercial banking, and other advisory services to the Company and its
      subsidiaries. These parties have received, and may in the future
      receive, customary compensation from the Company and its subsidiaries
      for such services.
    </p>
    <p style="text-align: justify">
      A full description of the Bridge Credit Agreement is set forth under
      Item 1.01 on Form 8-K filed by the Company with the Securities and
      Exchange Commission on January 2, 2018, which description is
      incorporated herein by reference.
    </p>
    <p>

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    </p>
    <p style="text-align: center">
      <font style="font-size: 10pt; font-family: Times New Roman"><b>SIGNATURE</b></font>
    </p>
    <p style="text-align: left; text-indent: 30.0px">
      <font style="font-size: 10pt; font-family: Times New Roman">Pursuant to
      the requirements of the Securities Exchange Act of 1934, the registrant
      has duly caused this report to be signed on its behalf by the
      undersigned hereunto duly authorized.</font>
    </p>
    <p style="text-indent: 30.0px">
      <br>

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        <td style="width: 4%">

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        <td style="width: 56%">

        </td>
        <td style="text-align: left; width: 1%; padding-left: 0.0px" valign="top">
          &#160;
        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top" colspan="3">
          <p style="margin-top: 0px; margin-bottom: 0px">
            MOLINA HEALTHCARE, INC.
          </p>
        </td>
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        <td style="width: 4%">

        </td>
        <td style="width: 56%">

        </td>
        <td style="width: 1%">

        </td>
        <td style="text-align: left; width: 3%; padding-left: 0.0px" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            &#160;
          </p>
        </td>
        <td style="text-align: left; width: 2%; padding-left: 0.0px" valign="top">
          &#160;
        </td>
        <td style="width: 34%">

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        <td style="padding-bottom: 2.0px; text-align: left; width: 4%; padding-left: 0.0px" valign="top">
          Date:
        </td>
        <td style="padding-bottom: 2.0px; text-align: left; width: 56%; padding-left: 0.0px" valign="top">
          August 13, 2018
        </td>
        <td style="text-align: left; border-bottom-style: solid; width: 1%; border-bottom-width: 1.0pt; border-bottom-color: black; padding-left: 0.0px" valign="top">
          &#160;
        </td>
        <td style="text-align: left; border-bottom-style: solid; width: 3%; border-bottom-width: 1.0pt; border-bottom-color: black; padding-left: 0.0px" valign="top">
          By:
        </td>
        <td style="text-align: left; border-bottom-style: solid; width: 2%; border-bottom-width: 1.0pt; border-bottom-color: black; padding-left: 0.0px" valign="top">
          &#160;
        </td>
        <td style="text-align: left; border-bottom-style: solid; width: 34%; border-bottom-width: 1.0pt; border-bottom-color: black; padding-left: 0.0px" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <i>/s/ Jeff D. Barlow</i>
          </p>
        </td>
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        <td style="width: 4%">

        </td>
        <td style="width: 56%">

        </td>
        <td style="width: 1%">

        </td>
        <td style="text-align: left; width: 3%; padding-left: 0.0px" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            &#160;
          </p>
        </td>
        <td style="width: 2%">

        </td>
        <td style="text-align: left; width: 34%; padding-left: 0.0px" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            Jeff D. Barlow
          </p>
        </td>
      </tr>
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        <td style="width: 4%">

        </td>
        <td style="width: 56%">

        </td>
        <td style="width: 1%">

        </td>
        <td style="text-align: left; width: 3%; padding-left: 0.0px" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            &#160;
          </p>
        </td>
        <td style="width: 2%">

        </td>
        <td style="text-align: left; width: 34%; padding-left: 0.0px" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            Chief Legal Officer and Secretary
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p>

    </p>
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