The insurer expects net proceeds from the debt offering to be about $990 million, after subtracting underwriters’ discounts and estimated offering expenses.
Humana plans to combine the proceeds of the debt offering with available cash to repay $400 million in senior notes Oct. 1, as well as other outstanding debts.
More articles on payers:
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Humana sues Mallinckrodt over ‘97,500%’ increase in gel price
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