As part of ongoing operations and growth experienced by Centene Corp., on May 21, 2013, the company entered into a new unsecured Revolving Credit Agreement which: increases the borrowing capacity from $350 million to $500 million; increases the expansion provision from $50 million to $100 million; decreases the interest rate for each tier by 100 basis points; and extends the term from January 2016 to June 1, 2018. The new unsecured, $500 million Revolving Credit Agreement was arranged with various financial institutions and Barclays Bank PLC as administrative agent. Borrowings under the agreement will bear interest based upon LIBOR rates, the Federal Funds Rate or the Prime Rate. The agreement contains non-financial and financial covenants, including requirements of minimum fixed charge coverage ratios, minimum debt-to-EBITDA ratios and minimum tangible net worth. The agreement has a maturity date of June 1, 2018, provided it will mature 90 days prior to the maturity date of the Company's 5.75% Senior Notes due 2017 if such notes are not refinanced (or extended) or certain financial conditions are not met. On May 21, 2013, in connection with the entering into this agreement, the company terminated its existing loan agreement with Barclays Bank PLC, dated January 31, 2011, as amended, which had provided the company with a $350 million revolving line of credit facility. As of May 21, 2013, there were no borrowings outstanding under the agreement.

Centene Corp. Presents at Barclay's High Yield Bond and Syndicated Loan Conference, May-21-2013 11:30 AM. Venue: JW Marriott Chicago, 151 W. Adams Street, Chicago, Illinois, United States. Speakers: Edmund E. Kroll, Senior Vice President of Finance & Investor Relations.

Centene Corp. reported unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, the company reported premium and service revenues of $2.5 billion, representing a 53% increase over last year's level of almost $1.7 billion. This increase of approximately $880 million results from the addition of 3 new states: Missouri, Washington and Kansas, and from a full 3 months of revenue related to the 2012 expansions in Louisiana, Mississippi and Texas. Investment income decreased from $5.3 million to $4.5 million between years, reflecting the lower level of returns on new investments and reinvestments. Cash flow from operations was $43 million. Diluted earnings per share for the quarter was $0.42 compared to $0.45 last year. Net earnings attributable to company was $23 million against $23.9 million a year ago. Earnings from operations was $40.1 million and earnings before income tax expense was $37.9 million against earnings from operations of $34.1 million and earnings before income tax expense of $34.6 million a year ago. Capital expenditures was $10.6 million and purchases of investments was $358.1 million against capital expenditures of $14.9 million and purchases of investments of $255.2 million a year ago. For 2013, the company expects premium and service revenues of $10.1 billion to $10.4 billion, diluted earnings per share of $2.60 to $2.90 and effective tax rate of 40% to 41%.