debt
confidence high
sentiment neutral
materiality 0.50
Humana issues additional $250M of 5.375% Senior Notes due 2031, total now $1.5B
HUMANA INC
- Sold additional $250M of 5.375% Senior Notes due 2031 at 99.941% of par plus accrued interest.
- Combined with $1.25B issued March 2024, total outstanding $1.5B; notes rank equally with unsecured unsubordinated debt.
- Net proceeds estimated ~$247M; to be used for general corporate purposes, including possible repayment of existing indebtedness.
- Underwriting agreement with J.P. Morgan and Barclays; notes under existing indenture; interest payable Apr/Oct starting Apr 15, 2025.