UnitedHealth Group on deck with five-tranche offering of notes

By Cristal Cody

Tupelo, Miss., June 14 – UnitedHealth Group Inc. (A3/A+/A) is marketing five tranches of notes on Thursday, according to a 424B5 filing with the Securities and Exchange Commission.

The deal includes floating-rate notes and four tranches of fixed-rate notes.

BofA Merrill Lynch, Barclays, Goldman Sachs & Co. LLC, Morgan Stanley & Co. LLC and RBC Capital Markets, LLC are the bookrunners.

The floaters are non-callable. The fixed-rate notes will have make-whole calls.

Proceeds will be used for general corporate and working capital purposes, including redeeming or repurchasing outstanding securities or refinancing commercial paper or other debt.

UnitedHealth is a diversified health company based in Minnetonka, Minn.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.