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Humana calls $500 million notes due 2016 for redemption on Oct. 20
By Susanna Moon
Chicago, Sept. 19 – Humana Inc. called its $500 million aggregate principal amount of its 6.45% senior notes due June 1, 2016 for redemption, according to a 424B5 filing with the Securities and Exchange Commission.
The company will redeem the notes on Oct. 20 at the greater of par and the sum of the present values of the remaining scheduled payments on the notes, excluding interest accrued to the redemption date, discounted to the redemption date on a semiannual basis assuming a 360-day year consisting of 12 30-day months at the Treasury yield plus 30 basis points plus accrued interest to the redemption date.
The notice is available through the Depository Trust Co. and the paying agent, the Bank of New York Mellon Trust Co., NA.
The company said on Sept. 16 that it planned use the proceeds from new senior notes offerings to redeem the notes.
Humana is a health care and insurance company based in Louisville, Ky.
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