Highmark sets talk for $800 million of five-year, 10-year notes

By Marisa Wong and Cristal Cody

Los Angeles, May 5 – Highmark Inc. plans to price $800 million of notes in two parts, according to a market source.

Price talk for the $400 million of notes due May 10, 2026 is in the Treasuries plus 85 basis points area.

The $400 million tranche due May 10, 2031 is talked in the Treasuries plus 125 bps area.

BofA Securities Inc., Citigroup Global Markets Inc., Loop Capital Markets LLC and PNC Capital Markets LLC are the bookrunners.

Highmark is a non-profit health care company based in Pittsburgh.

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