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Prospect News home > News index > List of issuers U > Headlines for UnitedHealth Group Inc. > News item
Published on 5/26/2015 in the Prospect News High Yield Daily, Prospect News Investment Grade Daily and Prospect News Liability Management Daily.

UnitedHealth plans to redeem Catamaran notes pending acquisition

By Marisa Wong

Madison, Wis., May 26 – UnitedHealth Group Inc. expects to redeem Catamaran Corp.’s outstanding bonds after it acquires Catamaran, according to an 8-K filing with the Securities and Exchange Commission.

UnitedHealth’s proposed acquisition is expected to close in the fourth quarter of 2015.

Catamaran reported in its 10-Q filing for the first quarter that as of March 31 it had $500 million of outstanding 4¾% bonds due 2021.

UnitedHealth is a health company based in Minnetonka, Minn. Catamaran is a Schaumburg, Ill.-based pharmacy benefit management company.


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