Humana to redeem its $500 million notes due 2016 via new offerings

By Tali Rackner

Norfolk, Va., Sept. 16 – Humana Inc. plans use the proceeds from new senior notes offerings to redeem the $500 million aggregate principal amount of its 6.45% senior notes due June 1, 2016, according to a 424B5 filing with the Securities and Exchange Commission.

The company will use some or all of the remaining net proceeds to repurchase shares of common stock under its existing share repurchase authorization or future authorizations.

Humana is a health care and insurance company based in Louisville, Ky.

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