debt
confidence high
sentiment neutral
materiality 0.70
Elevance Health closes $2.6B senior notes offering in three tranches
Elevance Health, Inc.
- Issued $600M 5.150% notes due 2029, $1B 5.375% notes due 2034, $1B 5.650% notes due 2054.
- Net proceeds of approximately $2.5724B after underwriting discounts and expenses.
- Proceeds to be used for working capital, acquisitions, debt repayment, or share repurchases.
- Interest payable semi-annually on June 15 and December 15, starting December 15, 2024.
- Notes redeemable at make-whole premiums before par call dates; subject to change-of-control put at 101%.