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UnitedHealth Group preps $1.5 billion note offering in three tranches
By Sheri Kasprzak
New York, Nov. 7 - UnitedHealth Group Inc. plans to sell $1.5 billion of notes in three tranches, according to a form 424B5 filed Monday with the Securities and Exchange Commission.
The joint bookrunners are Goldman Sachs & Co., Morgan Stanley & Co. LLC, RBS Securities Inc. and US Bancorp.
The offering includes $400 million of five-year notes, $500 million of 10-year notes and $600 million of 30-year notes.
The company intends to use the proceeds to meet working capital requirements, to redeem or repurchase outstanding securities, to refinance debt, to finance acquisitions or to finance other general corporate needs.
Based in Minnetonka, Minn., UnitedHealth is a health insurance provider.
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