Simpson Thacher Represents Underwriters in $3 Billion Debt Offering by Humana
08.10.21
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The Firm represented the underwriters, led by Goldman Sachs & Co. LLC, BofA Securities and J.P. Morgan, in a public offering by Humana Inc. (“Humana”) of $1.5 billion aggregate principal amount of 0.65% Senior Notes due 2023, $750 million aggregate principal amount of 1.35% Senior Notes due 2027 and $750 million aggregate principal amount of 2.15% Senior Notes due 2032.
The company intends to use the proceeds from the offering, together with cash on hand and borrowings under its $500 million Delayed Draw Term Loan, to fund the purchase price of the acquisition of Kindred at Home.
Humana is a leading health and well-being company focused on making it easy for people to achieve their best health with clinical excellence through coordinated care.
The Simpson Thacher team for the transaction included Mark Brod, Evan Kenyon and Lorin Hom (Capital Markets); Jonathan Cantor and Nicole Humphrey (Tax); Alysha Sekhon (IP); Vanessa Burrows (Healthcare regulatory); and Jennie Getsin (FINRA).