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Simpson Thacher Represents Underwriters in $4.0 Billion Notes Offering by UnitedHealth Group

10.25.17
The Firm represented U.S. Bancorp Investments, Inc., Barclays Capital Inc., Citigroup Global Markets Inc., Mizuho Securities USA LLC and Wells Fargo Securities, LLC, as joint bookrunning managers in connection with a public offering by UnitedHealth Group Incorporated of $4.0 billion aggregate principal amount of notes, consisting of $300 million aggregate principal amount of Floating Rate Notes due 2020, $900 million aggregate principal amount of 1.950% Notes due 2020, $900 million aggregate principal amount of 2.375% Notes due 2022, $950 million aggregate principal amount of 2.950% Notes due 2027 and $950 million aggregate principal amount of 3.750% Notes due 2047. The offering closed on October 25, 2017.

UnitedHealth Group is a diversified health and well-being company dedicated to helping people live healthier lives and making health care work better. Headquartered in Minnetonka, Minnesota, UnitedHealth Group offers a broad spectrum of health benefits and health services. UnitedHealth Group offers health benefits through its UnitedHealthcare Employer & Individual, UnitedHealthcare Medicare & Retirement, UnitedHealthcare Community & State and UnitedHealthcare Global businesses, and provides health services to participants in the health system through its OptumHealth, OptumInsight and OptumRx businesses.

The Simpson Thacher team included Roxane Reardon, Alexander Coedo and Seth Lowinger (Capital Markets); Jonathan Cantor and Jodi Schneider (Tax); and Jennie Getsin (FINRA and Blue Sky).