Wellpoint Health Networks looks to extend revolver by one year

By Sara Rosenberg

New York, March 15 - Wellpoint Health Networks Inc. is in negotiations with lenders to extend its $250 million unsecured revolver maturity date by one year to March 25, 2005 from March 26, 2004, according to a 10-K filed with the Securities and Exchange Commission on Monday.

Besides this $250 million revolver, the company also has a $750 million unsecured revolver that is due March 30, 2006 with the option to extend for up to two additional one-year periods.

Wellpoint is a Thousand Oaks, Calif., managed healthcare company.

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