secwatch.observer — SEC 8-K summary
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Issuer:     HUMANA INC (HUM)
CIK:        0000049071
Form:       8-K
Filed at:   2024-06-05T23:59:59+00:00
Accession:  0001193125-24-155138
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Humana enters $2.108B 364-day revolver and upsizes 5-year facility to $2.642B
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- New 364-day unsecured revolving credit facility of $2,107,812,500, replacing a $1.5B facility.
- Amendment to existing 5-year revolver increases commitments from $2.5B to $2,642,187,500.
- No borrowings outstanding; only $18.1M in issued and undrawn letters of credit as of May 31, 2024.
- Borrowings bear interest at Term SOFR or base rate plus spread; subject to customary covenants including max debt-to-capitalization.
- Total availability now ~$4.734B; proceeds for general corporate purposes.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/49071/000119312524155138/0001193125-24-155138-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/49071/000119312524155138/d768337d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-155138

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