debt
confidence high
sentiment neutral
materiality 0.55
Elevance Health issues $1.8B of notes in three tranches at 5.35%-6.10%
Elevance Health, Inc.
- $400M 5.350% notes due 2025, $650M 5.500% notes due 2032, $750M 6.100% notes due 2052.
- Net proceeds of approx. $1.7802B after underwriting discounts and offering expenses.
- Intends to use proceeds for working capital, acquisitions, debt repayment, and share repurchases.
- Underwriters: BofA Securities and Deutsche Bank Securities as representatives.
- Notes registered under Form S-3; interest semi-annual beginning April 15, 2023.