---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-159869"
form_type: "8-K"
ticker: "HUM"
cik: "0000049071"
company_name: "HUMANA INC"
filed_at: "2023-06-02T23:59:59+00:00"
generated_at: "2026-06-14T08:39:47.484238+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.3
calibrated_materiality_score: 0.3
confidence: "high"
source: SEC EDGAR
---

# Humana enters into two new revolving credit facilities totaling $4.0B

## Summary
- 5-year $2.5B unsecured revolving credit agreement replaces prior $2.5B facility.
- 364-day $1.5B unsecured revolving credit agreement replaces expiring $1.5B facility.
- Borrowings bear interest at Term SOFR or base rate plus spread; facility fee payable.
- No borrowings outstanding; $21M in letters of credit; $2.47B and $1.5B capacity remaining.
- Covenants include max debt-to-capitalization; up to $750M incremental commitments permitted.

## SEC filing metadata
- accession: 0001193125-23-159869
- form_type: 8-K
- ticker: HUM
- cik: 0000049071
- company_name: HUMANA INC
- filed_at: 2023-06-02T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.3
- calibrated_materiality_score: 0.3
- confidence: high
- sec_items: 1.01, 1.02, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/49071/000119312523159869/0001193125-23-159869-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/49071/000119312523159869/d507342d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-159869
- JSON: https://secwatch.observer/filing/0001193125-23-159869.json
- Plain text: https://secwatch.observer/filing/0001193125-23-159869.txt

## Key facts
- Debt Financings
  HUMANA INC incurred revolving credit of $1.5 billion with JPMorgan Chase Bank, N.A. as Agent at Term SOFR or the base rate plus a spread maturing 364-day.
  - Instrument: revolving credit
  - Principal: $1.5 billion
  - Counterparty: JPMorgan Chase Bank, N.A. as Agent
  - Rate: Term SOFR or the base rate plus a spread
  - Maturity: 364-day
  - Event: incurrence
  source text: (the “Company”) entered into two separate revolving credit facilities: (i) a five-year $2.5 billion unsecured revolving credit agreement with the several banks and other financial institutions from time to time parties thereto, JPMorgan Chase Bank, N.A. as Agent, Bank of America, N.A. as the Syndication Agent, Citibank, N.A., Goldman Sachs Bank USA, PNC Capital Markets LLC, U.S.
  evidence_url: https://www.sec.gov/Archives/edgar/data/49071/000119312523159869/0001193125-23-159869-index.htm
- Debt Financings
  HUMANA INC incurred revolving credit of $2.5 billion with JPMorgan Chase Bank, N.A. as Agent at Term SOFR or the base rate plus a spread maturing five years.
  - Instrument: revolving credit
  - Principal: $2.5 billion
  - Counterparty: JPMorgan Chase Bank, N.A. as Agent
  - Rate: Term SOFR or the base rate plus a spread
  - Maturity: five years
  - Event: incurrence
  source text: (the “Company”) entered into two separate revolving credit facilities: (i) a five-year $2.5 billion unsecured revolving credit agreement with the several banks and other financial institutions from time to time parties thereto, JPMorgan Chase Bank, N.A. as Agent, Bank of America, N.A. as the Syndication Agent, Citibank, N.A., Goldman Sachs Bank USA, PNC Capital Markets LLC, U.S.
  evidence_url: https://www.sec.gov/Archives/edgar/data/49071/000119312523159869/0001193125-23-159869-index.htm
- Material Agreements
  HUMANA INC entered into 364-Day Credit Agreement with JPMorgan Chase Bank, N.A., Bank of America, N.A., Citibank, N.A., Goldman Sachs Bank USA, PNC Capital Markets LLC, U.S. Bank, National Association, Wells Fargo Securities, LLC valued at $1.5 billion unsecured revolving credit facility (effective 2023-06-02).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: JPMorgan Chase Bank, N.A., Bank of America, N.A., Citibank, N.A., Goldman Sachs Bank USA, PNC Capital Markets LLC, U.S. Bank, National Association, Wells Fargo Securities, LLC
  - Value: $1.5 billion unsecured revolving credit facility
  - Effective: 2023-06-02
  source text: On June 2, 2023, Humana Inc. (the “Company”) entered into two separate revolving credit facilities: (i) a five-year $2.5 billion unsecured revolving credit agreement with the several banks and other financial institutions from time to time parties thereto, JPMorgan Chase Bank, N.A. as Agent, Bank of America, N.A. as the Syndication Agent, Citibank, N.A., Goldman Sachs Bank USA, PNC Capital Markets LLC, U.S. Bank, National Association and Wells Fargo Securities, LLC, as Documentation Agents, and JPMorgan Chase Bank, N.A., BofA Securities, Inc., Citibank, N.A., Goldman Sachs Bank USA, PNC Capital Markets LLC, U.S. Bank, National Association and Wells Fargo Securities, LLC, as Joint-Lead Arrangers and Joint Bookrunners (the “5-Year Credit Agreement”), which amended and restated the Company’s five-year, $2.5 billion unsecured revolving credit agreement dated as of June 4, 2021 (as amended, the “Previous Credit Agreement”), and (ii) a 364-day $1.5 billion unsecured revolving credit agreemen
  evidence_url: https://www.sec.gov/Archives/edgar/data/49071/000119312523159869/0001193125-23-159869-index.htm
- Material Agreements
  HUMANA INC entered into 5-Year Credit Agreement with JPMorgan Chase Bank, N.A., Bank of America, N.A., Citibank, N.A., Goldman Sachs Bank USA, PNC Capital Markets LLC, U.S. Bank, National Association, Wells Fargo Securities, LLC valued at $2.5 billion unsecured revolving credit facility (effective 2023-06-02).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: JPMorgan Chase Bank, N.A., Bank of America, N.A., Citibank, N.A., Goldman Sachs Bank USA, PNC Capital Markets LLC, U.S. Bank, National Association, Wells Fargo Securities, LLC
  - Value: $2.5 billion unsecured revolving credit facility
  - Effective: 2023-06-02
  source text: On June 2, 2023, Humana Inc. (the “Company”) entered into two separate revolving credit facilities: (i) a five-year $2.5 billion unsecured revolving credit agreement with the several banks and other financial institutions from time to time parties thereto, JPMorgan Chase Bank, N.A. as Agent, Bank of America, N.A. as the Syndication Agent, Citibank, N.A., Goldman Sachs Bank USA, PNC Capital Markets LLC, U.S. Bank, National Association and Wells Fargo Securities, LLC, as Documentation Agents, and JPMorgan Chase Bank, N.A., BofA Securities, Inc., Citibank, N.A., Goldman Sachs Bank USA, PNC Capital Markets LLC, U.S. Bank, National Association and Wells Fargo Securities, LLC, as Joint-Lead Arrangers and Joint Bookrunners (the “5-Year Credit Agreement”), which amended and restated the Company’s five-year, $2.5 billion unsecured revolving credit agreement dated as of June 4, 2021 (as amended, the “Previous Credit Agreement”)
  evidence_url: https://www.sec.gov/Archives/edgar/data/49071/000119312523159869/0001193125-23-159869-index.htm
- Material Agreements
  HUMANA INC terminated Previous Credit Agreement with various banks and financial institutions valued at $2.5 billion unsecured revolving credit agreement dated as of June 4, 2021, terminated and replaced (effective 2023-06-02).
  - Action: termination
  - Agreement: credit facility
  - Counterparty: various banks and financial institutions
  - Value: $2.5 billion unsecured revolving credit agreement dated as of June 4, 2021, terminated and replaced
  - Effective: 2023-06-02
  source text: Item 1.02 Termination of a Material Definitive Agreement. The 5-Year Credit Agreement replaces the Previous Credit Agreement in its entirety.
  evidence_url: https://www.sec.gov/Archives/edgar/data/49071/000119312523159869/0001193125-23-159869-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.