Humana Inc. (the “company”) (NYSE: HUM) announced today the completion of its public offering of $1.1 billion in senior notes. These senior notes are comprised of $600 million of the company’s 4.500 percent senior notes, due 2025, at 99.875 percent of the principal amount, and $500 million of the company’s 4.875 percent senior notes, due 2030, at 99.788 percent of the principal amount (collectively, “Senior Notes Offerings”).
The company expects net proceeds from the Senior Notes Offerings of approximately $1.088 billion, after deducting underwriters’ discounts and estimated offering expenses. The company intends to use the net proceeds from this offering for general corporate purposes, which may include the repayment of existing indebtedness. This news release does not constitute an offer to sell or a solicitation of an offer to buy the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.
Cautionary Statement
This news release includes forward-looking statements regarding Humana within the meaning of the Private Securities Litigation Reform Act of 1995. When used in investor presentations, press releases, Securities and Exchange Commission (SEC) filings, and in oral statements made by or with the approval of one of Humana’s executive officers, the words or phrases like “expects,” “believes,” “anticipates,” “intends,” “likely will result,” “estimates,” “projects” or variations of such words and similar expressions are intended to identify such forward-looking statements.
Source: Yahoo