HUMANA INC (HUM): debt financing — Humana closes $1.25B senior notes offering to refinance maturing 2022 debt

HUMANA INC

Issued $500M 5.750% notes due 2028 and $750M 5.875% notes due 2033.
Net proceeds of ~$1.232B after discounts and expenses.
Proceeds to repay $1.25B of 2.900% and 3.150% notes maturing December 2022.
Remainder for general corporate purposes, including commercial paper repayment.
Joint book-runners: BofA, Goldman Sachs, J.P. Morgan, PNC Capital Markets.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

HUMANA INC incurred senior notes of $750 million with The Bank of New York Mellon Trust Company, N.A. at 5.875% maturing March 1, 2033.

Instrument: senior notes
Principal: $750 million
Counterparty: The Bank of New York Mellon Trust Company, N.A.
Rate: 5.875%
Maturity: March 1, 2033
Event: incurrence

Exact text from the filing

The Senior Notes were issued under an indenture dated as of August 5, 2003, by and between the Company and The Bank of New York Mellon Trust Company, N.A. (formerly known as The Bank of New York Trust Company, N.A.) (as successor to The Bank of New York), as trustee (the “Trustee”) (the “Original Indenture”), as supplemented by a twenty-second supplemental indenture, dated as of November 22, 2022, by and between the Company and the Trustee relating to the 2028 Senior Notes (the “Twenty-Second Supplemental Indenture” and, together with the Original Indenture, the “Twenty-Second Indenture”) and a twenty-third supplemental indenture, dated as of November 22, 2022, by and between the Company and the Trustee relating to the 2033 Senior Notes (the “Twenty-Third Supplemental Indenture” and, together with the Original Indenture, the “Twenty-Third Indenture,” and the Twenty-Second Indenture and T

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Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

HUMANA INC incurred senior notes of $500 million with The Bank of New York Mellon Trust Company, N.A. at 5.750% maturing March 1, 2028.

Instrument: senior notes
Principal: $500 million
Counterparty: The Bank of New York Mellon Trust Company, N.A.
Rate: 5.750%
Maturity: March 1, 2028
Event: incurrence

Exact text from the filing

completed a public offering of $500 million aggregate principal amount of its 5.750% Senior Notes due 2028

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

HUMANA INC entered into Twenty-Second Supplemental Indenture with The Bank of New York Mellon Trust Company, N.A. (formerly known as The Bank of New York Trust Company, N.A.) (as successor to The Bank of New York), as trustee valued at $500 million aggregate principal amount (effective 2022-11-22).

Action: entry
Agreement: notes offering
Counterparty: The Bank of New York Mellon Trust Company, N.A. (formerly known as The Bank of New York Trust Company, N.A.) (as successor to The Bank of New York), as trustee
Value: $500 million aggregate principal amount
Effective: 2022-11-22

Exact text from the filing

a twenty-second supplemental indenture, dated as of November 22, 2022, by and between the Company and the Trustee relating to the 2028 Senior Notes

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

HUMANA INC entered into Twenty-Third Supplemental Indenture with The Bank of New York Mellon Trust Company, N.A. (formerly known as The Bank of New York Trust Company, N.A.) (as successor to The Bank of New York), as trustee valued at $750 million aggregate principal amount (effective 2022-11-22).

Action: entry
Agreement: notes offering
Counterparty: The Bank of New York Mellon Trust Company, N.A. (formerly known as The Bank of New York Trust Company, N.A.) (as successor to The Bank of New York), as trustee
Value: $750 million aggregate principal amount
Effective: 2022-11-22

Exact text from the filing

a twenty-third supplemental indenture, dated as of November 22, 2022, by and between the Company and the Trustee relating to the 2033 Senior Notes

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HUMANA INC filing history →

Source: SEC EDGAR

accession 0001193125-22-291138

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