Aetna Inc. on Aug. 7 filed a prospectus supplement related to the offering of $1 billion of 3.875% senior notes due Aug. 15, 2047.
The trade date is Aug. 7, and the settlement date is Aug. 10. Interest on the notes is payable Feb. 15 and Aug. 15 of each year, starting Feb. 15, 2018.
Aetna expects to use the net proceeds to repay a portion of its 1.5% senior notes due 2017 and its floating-rate senior notes due 2017 and for general corporate purposes.
J.P. Morgan Securities LLC, Merrill Lynch Pierce Fenner & Smith Inc., Mizuho Securities USA LLC and Morgan Stanley & Co. LLC are the joint book-running managers for the offering. Senior co-managers include Barclays Capital Inc., Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC, Goldman Sachs & Co. LLC, MUFG Securities Americas Inc., PNC Capital Markets LLC, SunTrust Robinson Humphrey Inc., U.S. Bancorp Investments Inc., UBS Securities LLC and Wells Fargo Securities LLC. BNY Mellon Capital Markets LLC, Fifth Third Securities Inc. and HSBC Securities (USA) Inc. are the co-managers.