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Simpson Thacher Represents Underwriters in $9 Billion Notes Offering by UnitedHealth Group

11.01.22

The Firm represented BofA Securities, Inc., Barclays Capital Inc., Citigroup Global Markets Inc., J.P. Morgan Securities LLC, U.S. Bancorp Investments, Inc. and Wells Fargo Securities, LLC and the other underwriters in connection with a public offering by UnitedHealth Group Incorporated (“UnitedHealth Group”) of $9 billion aggregate principal amount of its notes, consisting of $500 million aggregate principal amount of 5% Notes due 2024, $750 million aggregate principal amount of 5.15% Notes due 2025, $1 billion aggregate principal amount of 5.25% Notes due 2028, $1.25 billion aggregate principal amount of 5.3% Notes due 2030, $2 billion aggregate principal amount of 5.35% Notes due 2033, $2 billion aggregate principal amount of 5.875% Notes due 2053 and $1.5 billion aggregate principal amount of 6.05% Notes due 2063. The offering closed on October 28, 2022.

UnitedHealth Group is a diversified health care company with a mission to help people live healthier lives and help make the health system work better for everyone.

The Simpson Thacher team included Roxane Reardon, Anna Jarman, Eunice Chang and Avalee Hagerty (Capital Markets); Jonathan Cantor, Kris Liu and Shareef Salfity (Tax); and Jennie Getsin (FINRA and Blue Sky).