Aetna amends credit agreement to extend maturity date to 2021

By Marisa Wong

Morgantown, W.Va., March 21 – Aetna Inc. amended its five-year credit agreement dated March 27, 2012 with JPMorgan Chase Bank, NA as administrative agent to extend the maturity date to March 27, 2021, according to an 8-K filing with the Securities and Exchange Commission.

The amendment, completed on March 17, also eliminates the availability of swingline loans and gives Aetna additional time on each business day to provide notices of borrowing.

In addition, the amendment adds customary provisions to reflect E.U. “bail-in” directive legislation.

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

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