BREAKING: Humana prices $1.0B 6.625% fixed-to-fixed junior subordinated notes due 2056 at par 🚨 $HUM…
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BREAKING: Humana prices $1.0B 6.625% fixed-to-fixed junior subordinated notes due 2056 at par 🚨 $HUM #BREAKING #Bonds #FixedIncome #Humana
ALERT: Net proceeds ~$986M to fund general corporate purposes — may repay commercial paper/other debt, boosting near-term liquidity but adding long-duration subordinated debt 💰 $HUM #Liquidity #Debt #Investing #Credit
Confirmed: 6.625% coupon until 9/15/2031, then resets every 5 yrs to 5‑yr Treasury +2.891% (floor 6.625%). Interest semiannual from 9/15/2026; Humana can defer interest up to 10 yrs if no default ⚠️🔁 $HUM #Bonds #Yield #CreditRisk #FixedIncome
Details: Offering closed 3/9/26; sold at 100% par; underwriters led by Goldman/JPM/Mizuho/Truist/Wells. Notes unsecured & junior to senior debt, structurally subordinated to subsidiaries. Trustee: BNY Mellon 📑🏦 $HUM #Underwriting #MarketNews #Finance