WellPoint eyes two-part offering of notes due 2018, 2044 for Tuesday

By Aleesia Forni

Virginia Beach, Va., July 30 - WellPoint, Inc. plans to price a two-part offering of unsecured and unsubordinated notes due July 15, 2018 and Jan. 15, 2044 on Tuesday, according to a 424B3 filing with the Securities and Exchange Commission.

Morgan Stanley & Co. LLC and Citigroup Global Markets Inc. are acting as the joint bookrunners.

The company plans to use proceeds from the offering to fund its cash tender offer for up to $600 million of its outstanding notes, including the payment of accrued interest and any applicable early tender premiums.

The remaining net proceeds will be used for general corporate purposes, including repurchases of other outstanding debt.

Wellpoint was last in the market with $3.25 billion of bonds in four maturities on Sept. 5.

The health benefits company is based in Indianapolis.

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