secwatch.observer — SEC 8-K summary
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Issuer:     HUMANA INC (HUM)
CIK:        0000049071
Form:       8-K
Filed at:   2023-06-02T23:59:59+00:00
Accession:  0001193125-23-159869
Event type: other_material
Sentiment:  neutral
Materiality: 0.30
Item codes: 1.01, 1.02, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/49071/000119312523159869/0001193125-23-159869-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/49071/000119312523159869/d507342d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-159869

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