debt
confidence high
sentiment neutral
materiality 0.65
Elevance Health issues $2.5B in three tranches of notes
Elevance Health, Inc.
- Issued $500M 4.900% Notes due 2026, $1B 4.750% Notes due 2033, $1.1B 5.125% Notes due 2053.
- Net proceeds approximately $2.57B after underwriting discounts and offering expenses.
- Proceeds for working capital, general corporate purposes including acquisitions, debt repayment, and share repurchases.
- Notes unsecured; redeemable at par after Par Call Date; change of control put at 101%.