secwatch.observer — SEC 8-K summary
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Issuer:     HUMANA INC (HUM)
CIK:        0000049071
Form:       8-K
Filed at:   2026-11-09T21:22:04+00:00
Accession:  0000049071-26-000068
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 8.01, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

Humana launches $1.5B cash tender for eight note series; $800M cap on 5.375% 2031 notes
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- Tender cap is $1.5B aggregate purchase price, excluding accrued coupon; eight series range from 1.350% notes due 2027 to 2.150% notes due 2032.
- Series cap: only $800M principal of the $1.5B outstanding 5.375% Senior Notes due 2031 will be accepted; those notes rank 7th in acceptance priority.
- Offers expire 5:00 p.m. New York time Nov. 16, 2026; price determination at 3:00 p.m. that day; settlement expected Nov. 18, 2026.
- Dealer managers: Barclays, BofA Securities, PNC Capital Markets and U.S. Bancorp Investments; D.F. King is tender and information agent.
- Humana may increase or decrease the tender cap or series cap; the offers are not contingent on any minimum principal amount being tendered.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/49071/000004907126000068/0000049071-26-000068-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/49071/000004907126000068/hum-20261109.htm
  HTML page:      https://secwatch.observer/filing/0000049071-26-000068

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