Aetna in market with eight series of fixed-, floating-rate notes

By Lisa Kerner

Charlotte, N.C., June 2 – Aetna Inc. is preparing to offer seven series of fixed-rate and one series of floating-rate senior notes, according to 424B3 filing with the Securities and Exchange Commission.

The joint bookrunners are Citigroup Global Markets Inc. and UBS Investment Bank.

Proceeds will be used to fund a $3.2 billion term loan and the cash portion of the purchase price of the company’s merger with Humana Inc. If the merger is not completed, proceeds from the floating-rate notes and two series of fixed-rate notes will be used for general corporate purposes.

The fixed-rate notes will feature a change-of-control put at 101%.

Aetna is a diversified health care benefits company based in Hartford, Conn.

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