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Simpson Thacher Represents Underwriters in $5 Billion Notes Offering by UnitedHealth Group

05.18.20

The Firm represented Barclays Capital Inc., BofA Securities, Inc., Goldman Sachs & Co. LLC, Morgan Stanley & Co. LLC, U.S. Bancorp Investments, Inc., Wells Fargo Securities, LLC and the other underwriters in connection with a public offering by UnitedHealth Group Incorporated (“UnitedHealth Group”) of $5 billion aggregate principal amount of its notes, consisting of $500 million aggregate principal amount of 1.25% Notes due 2026, $1.25 billion aggregate principal amount of 2% Notes due 2030, $1 billion aggregate principal amount of 2.75% Notes due 2040, $1.25 billion aggregate principal amount of 2.9% Notes due 2050 and $1 billion aggregate principal amount of 3.125% Notes due 2060. The offering closed on May 18, 2020. 

UnitedHealth Group is a diversified health and well-being company dedicated to helping people live healthier lives and making the health system 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 and Ashley Yoon (Capital Markets); Jonathan Cantor and Abigail Hopper (Tax); and Jennie Getsin (FINRA and Blue Sky).