22 days ago
Benzinga
Humana Inc. (the "company") HUM announced today that it has priced a public offering of $1.25 billion in aggregate principal amount of senior notes. These senior notes are comprised of $500 million of the company's 5.700 percent senior notes, due 2026, at 99.984 percent of the principal amount and $750 million of the company's 5.500 percent senior notes, due 2053, at 96.431 percent of the principal amount (collectively, the "Senior Notes Offerings"). The Senior Notes Offerings are expected to close on March 13, 2023, subject to the satisfaction of customary closing conditions. The company expects net proceeds from the Senior Notes Offerings will be approximately $1.211 billion after deducting underwriters' discounts and estimated offering expenses. The company intends to use the net proceeds from the Senior Notes Offerings to repay outstanding amounts under its $500 million Delayed Draw Term Loan.
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