Humana priced a public offering of $1.25 billion in senior notes, the payer said Nov. 7.
The senior notes offerings are slated to close Nov. 22, according to a news release from the insurer. The deadline is subject to customary closing conditions.
Humana estimates net proceeds from the offerings will be about $1.23 billion after deducting underwriters' discounts and estimated offering expenses. The insurer intends to use the proceeds to repay senior notes due in 2022. It intends to use the remainder of the proceeds for general corporate purposes, which may include the repayment of borrowings.