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Simpson Thacher Represents Underwriters in $6 Billion Notes Offering by UnitedHealth Group

03.22.24

The Firm represented the underwriters in connection with a public offering by UnitedHealth Group Incorporated (“UnitedHealth Group”) of $6 billion aggregate principal amount of its notes, consisting of $500 million aggregate principal amount of 4.6% Notes due 2027, $400 million aggregate principal amount of 4.7% Notes due 2029, $1 billion aggregate principal amount of 4.9% Notes due 2031, $1.25 billion aggregate principal amount of 5% Notes due 2034, $1.75 billion aggregate principal amount of 5.375% Notes due 2054 and $1.1 billion aggregate principal amount of 5.5% Notes due 2064. The offering closed on March 21, 2024.

UnitedHealth Group is a diversified health care and well-being 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, Patrick Baron and Joann Kim (Capital Markets); Jonathan Cantor and Shareef Salfity (Tax); Rachelle Broida and Ziang Zhou (IP and Privacy); Karen Kazmerzak (Antitrust); and Jennie Getsin (FINRA and Blue Sky); with valuable assistance from Neil Patel.