Humana plans to repay delayed-draw term loan via new notes

By Marisa Wong

Los Angeles, Feb. 27 – Humana Inc. intends to repay outstanding amounts under its $500 million delayed-draw term loan using proceeds from an offering of senior notes, according to a 424B5 filing with the Securities and Exchange Commission.

Any remaining proceeds from the new notes will be used for general corporate purposes, which may include the repayment of borrowings under the company’s commercial paper program.

Humana is a health insurance company based in Louisville, Ky.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.