UnitedHealth amends 1998 indenture; holders of $1.36B (68%) consent

UNITEDHEALTH GROUP INC

Amendment aligns 1998 indenture covenants with 2008 base indenture via consent solicitation.
Key changes: redemption notice shortened to 10–60 days; added change-of-control repurchase provision.
Removed Sections on taxes, stay/usury laws, and limitation on liens; modified default and compliance sections.
Amendment effective April 28, 2023 after cash consideration paid to consenting holders.

item 1.01 item 3.03 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.98

UNITEDHEALTH GROUP INC amended 1998 A&R Indenture with Wilmington Trust Company (effective 2023-04-27).

Action: amendment
Agreement: notes offering
Counterparty: Wilmington Trust Company
Effective: 2023-04-27

Exact text from the filing

On April 27, 2023, UnitedHealth Group Incorporated (the “Company”) and Wilmington Trust Company, as successor trustee, entered into an amendment and restatement (the “1998 A&R Indenture”) of the Company’s indenture, dated as of November 15, 1998 (as amended on November 6, 2000, the “1998 Base Indenture”), which governs the Company’s outstanding 5.800% Senior Notes due 2036, 6.500% Senior Notes due 2037 and 6.625% Senior Notes due 2037 (collectively, the “1998 Notes”) (the 1998 Base Indenture, as supplemented by each of the officers’ certificates and company orders relating to the 1998 Notes, the “1998 Indenture”).

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Source: SEC EDGAR

accession 0001193125-23-127633

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