trending Market Intelligence /marketintelligence/en/news-insights/trending/URSKxErl4ygryGpzrbPYnA2 content esgSubNav
In This List

Humana prices $800M debt offering

Blog

Perspectives from China: The Shifting Regulatory Landscape

Blog

Anticipate the Unknown: Does Supply Chain Disruption Lead to Increased Credit Risk?

Blog

Data Stories: Data insights to help alleviate business complexity amid geopolitical risks

Blog

Expand Your Perspective: Data & Distribution Q&A


Humana prices $800M debt offering

Humana Inc. has priced a public offering of $800 million senior notes comprised of $400 million 2.500% senior notes due 2020 at 99.946% of the principal amount and $400 million 2.900% senior notes due 2022 at 99.830% of the principal amount.

The offerings are expected to close Dec. 21.

The net proceeds from the offerings are expected to be about $793 million, after deducting underwriters' discounts and estimated offering expenses. The company plans to use the net proceeds from the offering, along with available cash, to redeem its $300 million aggregate principal amount of 6.30% senior notes maturing in August 2018 and its $500 million aggregate principal amount of 7.20% senior notes maturing in June 2018.

Citigroup Global Markets Inc., J.P. Morgan Securities LLC and Merrill Lynch Pierce Fenner & Smith Inc. are acting as active joint book-running managers for the offerings.