Simpson Thacher Represents Underwriters in $1 Billion Debt Offering by Humana Inc.
01.22.13
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The Firm represented underwriters, led by BofA Merrill Lynch, Goldman, Sachs & Co., Morgan Stanley, J.P. Morgan, US Bancorp and Wells Fargo Securities in a public offering of $600 million principal amount of 3.150% Senior Notes due 2022 and $400 million principal amount of 4.625% Senior Notes due 2042 by Humana Inc.
The Company used a portion of the net proceeds from the offering for its previously-announced acquisition of Metropolitan Health Networks, Inc. (“Metropolitan”), to retire Metropolitan’s indebtedness (after applying Metropolitan’s estimated cash on hand at the closing of the acquisition), and to pay related fees and expenses. The Company expects to use any remaining net proceeds from the offering not applied to the foregoing uses for general corporate purposes.
Humana Inc. is a leading health-care company that offers a wide range of insurance products and health and wellness services that incorporate an integrated approach to lifelong well-being.
The Simpson Thacher team for the transaction included, among others, Michael Nathan, Brian E. Rosenzweig and Maria Carolina Gonzalez Diaz (Capital Markets), Jonathan Cantor and Devin Heckman (Tax) and Jennie Getsin (FINRA).