secwatch.observer — SEC 8-K summary
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Issuer:     HUMANA INC (HUM)
CIK:        0000049071
Form:       8-K
Filed at:   2026-03-09T23:59:59+00:00
Accession:  0001628280-26-016031
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Humana issues $1.0B in 6.625% junior subordinated notes due 2056
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- Net proceeds ~$986M after discounts and expenses; proceeds for general corporate purposes including commercial paper repayment.
- Notes pay 6.625% fixed through Sep 15, 2031, then reset every 5 years at 5yr UST + 2.891% with a 6.625% floor.
- Issued under amended indenture with Bank of New York Mellon as trustee; unsecured and subordinated to senior debt.
- Optional deferral of interest for up to 10 consecutive years if no event of default.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/49071/000162828026016031/0001628280-26-016031-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/49071/000162828026016031/hum-20260305.htm
  HTML page:      https://secwatch.observer/filing/0001628280-26-016031

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