UnitedHealth removes liens covenant from $820M 6.875% Senior Notes due 2038 via consent solicitation

UNITEDHEALTH GROUP INC

Entered supplemental indenture on April 18, 2023 to remove liens covenant from 6.875% Senior Notes due 2038.
Consent obtained from holders of $819.8M aggregate principal (74.53% of outstanding) via consent solicitation dated April 4, 2023.
Cash consideration paid to consenting holders; covenant removal aligns terms with most recent senior note series under 2008 Base Indenture.
Transaction modifies rights of security holders (Item 3.03); trustee is U.S. Bank Trust Company, National Association.

Key facts

Extracted from this filing and checked against the source text.

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

UNITEDHEALTH GROUP INC amended 2038 Supplemental Indenture with U.S. Bank Trust Company, National Association (effective 2023-04-18).

Action: amendment
Agreement: notes offering
Counterparty: U.S. Bank Trust Company, National Association
Effective: 2023-04-18

Exact text from the filing

On April 18, 2023, UnitedHealth Group Incorporated (the “Company”) and U.S. Bank Trust Company, National Association, as trustee, entered into a supplemental indenture (the “2038 Supplemental Indenture”) to the Company’s indenture, dated as of February 4, 2008 (the “2008 Base Indenture”), as supplemented by the officers’ certificate and company order (the “2038 Officers’ Certificate”) relating to the Company’s outstanding 6.875% Senior Notes due 2038 (the “2038 Notes”).

View on SEC.gov

273 material agreements filed in the last 30 days. Browse all material agreements →

UNITEDHEALTH GROUP INC filing history →

Source: SEC EDGAR

accession 0001193125-23-113025

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.