Humana Launches $1.5 Billion Cash Tender Offers for Eight Series of Senior Notes, Expiring Nov. 16
Health insurer Humana Inc. (NYSE: HUM) announced on November 9 that it has commenced cash tender offers to purchase several series of its outstanding senior notes, on the terms set out in an Offer to Purchase dated November 9, 2026.
The offers cover eight series of notes, in acceptance-priority order: the 2.150% Senior Notes due 2032; the 3.125% and 3.700% Senior Notes due 2029; the 4.875% Senior Notes due 2030; the 1.350% and 3.950% Senior Notes due 2027; the 5.375% Senior Notes due 2031; and the 5.750% Senior Notes due 2028. The aggregate purchase price is capped at $1.5 billion, excluding accrued coupon payments, with an additional $800 million principal cap on the 5.375% notes due 2031.
Consideration for each series is based on a fixed spread plus a reference yield determined at 3:00 p.m. New York City time on November 16, 2026. The offers expire at 5:00 p.m. New York City time on November 16, 2026, unless extended or earlier terminated, and settlement is expected on November 18, the second business day after expiration.
Barclays Capital, BofA Securities, PNC Capital Markets and U.S. Bancorp Investments are dealer managers, and D.F. King & Co. is the tender and information agent. Humana, headquartered in Louisville, Kentucky, is one of the largest U.S. health insurance and health services companies.
(Source: Humana)
Source: Humana Inc
Published by GSM · USA (original Chinese edition)
Photo: 图：肯塔基州 Louisville 市中心天际线与俄亥俄河，Humana 总部位于该市（资料图）。William Alden 摄，CC BY-SA 4.0，经 Wikimedia Commons。 / Photo: Downtown Louisville, Kentucky, and the Ohio River; Humana is headquartered in the city (file photo). By William Alden, CC BY-SA 4.0, via Wikimedia Commons.
