Humana Inc. has announced that it is pricing a public offering totalling $2.25 billion in senior notes. This total is made up of $1.25 billion of the company's 5.375 percent senior notes, which are due in 2031 and are priced at 99.940 percent of the principal amount. It also includes $1.00 billion of the company's 5.750 percent senior notes, due in 2054, priced at 99.949 percent of the principal amount. The offering of these senior notes is projected to close on March 13, 2024.
The forecasted net earnings from this offering of senior notes, following the deduction of underwriters' discounts and estimated offering expenses, is around $2.226 billion.
Humana Inc. intends to utilize these net proceeds for a variety of corporate necessities. This may involve the repayment of existing debt, including borrowings under its commercial paper program.
