0001193125-20-082637.txt : 20200323 0001193125-20-082637.hdr.sgml : 20200323 20200323171333 ACCESSION NUMBER: 0001193125-20-082637 CONFORMED SUBMISSION TYPE: FWP PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20200323 DATE AS OF CHANGE: 20200323 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: HUMANA INC CENTRAL INDEX KEY: 0000049071 STANDARD INDUSTRIAL CLASSIFICATION: HOSPITAL & MEDICAL SERVICE PLANS [6324] IRS NUMBER: 610647538 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP SEC ACT: 1934 Act SEC FILE NUMBER: 333-223554 FILM NUMBER: 20735633 BUSINESS ADDRESS: STREET 1: 500 W MAIN ST CITY: LOUISVILLE STATE: KY ZIP: 40202 BUSINESS PHONE: 5025801000 MAIL ADDRESS: STREET 1: 500 W. MAIN ST CITY: LOUISVILLE STATE: KY ZIP: 40202 FORMER COMPANY: FORMER CONFORMED NAME: EXTENDICARE INC DATE OF NAME CHANGE: 19740404 FORMER COMPANY: FORMER CONFORMED NAME: HERITAGE HOUSE OF AMERICA INC DATE OF NAME CHANGE: 19671129 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: HUMANA INC CENTRAL INDEX KEY: 0000049071 STANDARD INDUSTRIAL CLASSIFICATION: HOSPITAL & MEDICAL SERVICE PLANS [6324] IRS NUMBER: 610647538 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP BUSINESS ADDRESS: STREET 1: 500 W MAIN ST CITY: LOUISVILLE STATE: KY ZIP: 40202 BUSINESS PHONE: 5025801000 MAIL ADDRESS: STREET 1: 500 W. MAIN ST CITY: LOUISVILLE STATE: KY ZIP: 40202 FORMER COMPANY: FORMER CONFORMED NAME: EXTENDICARE INC DATE OF NAME CHANGE: 19740404 FORMER COMPANY: FORMER CONFORMED NAME: HERITAGE HOUSE OF AMERICA INC DATE OF NAME CHANGE: 19671129 FWP 1 d905460dfwp.htm FWP FWP

Filed Pursuant to Rule 433

Registration Statement No. 333-223554

HUMANA INC.

4.500% Senior Notes due 2025

4.875% Senior Notes due 2030

March 23, 2020

Pricing Term Sheet

 

Issuer:   

Humana Inc.

Ratings*:   

Baa3 (Moody’s)/BBB+ (S&P)/BBB (Fitch)

Trade Date:   

March 23, 2020

Settlement Date:   

(T+3)1 March 26, 2020

Joint Book-Running Managers:   

BofA Securities, Inc.

Goldman Sachs & Co. LLC

J.P. Morgan Securities LLC

Senior Co-Managers:   

Citigroup Global Markets Inc.

PNC Capital Markets LLC

Wells Fargo Securities, LLC

U.S. Bancorp Investments, Inc.

Co-Managers:   

Barclays Capital Inc.

Morgan Stanley & Co. LLC

SunTrust Robinson Humphrey, Inc.

BNY Mellon Capital Markets, LLC

Fifth Third Securities, Inc.

UMB Financial Services, Inc.

2025 Notes

 

Security Description:   

Senior Notes due 2025

Aggregate Principal Amount:   

$600,000,000

Coupon:   

4.500%

Maturity Date:   

April 1, 2025

Price to Public:   

99.875%

Benchmark Treasury:   

1.125% UST due February 28, 2025

Benchmark Treasury Price / Yield:   

103-16 3/4 / 0.403%

Spread to Benchmark Treasury:   

+412.5 bps

Yield to Maturity:   

4.528%

Interest Payment Dates:   

April 1 and October 1, commencing October 1, 2020

Record Dates:   

March 15 and September 15

Optional Redemption:   

Make-whole call at T+50 bps plus accrued and unpaid interest

Par Call:   

On or after March 1, 2025

CUSIP/ISIN:   

444859 BM3 / US444859BM39

 

1 

Under Rule 15c6-1 of the Securities Exchange Act of 1934, as amended, trades in the secondary market generally are required to settle in two business days, unless the parties to such trade expressly agree otherwise. Accordingly, purchasers who wish to trade the notes on any date prior to two business days before delivery will be required, by virtue of the fact that the notes initially will settle in three business days (T+3), to specify alternative settlement arrangements at the time of any such trade to prevent a failed settlement.

2030 Notes

 

Security Description:   

Senior Notes due 2030

Aggregate Principal Amount:   

$500,000,000

Coupon:   

4.875%

Maturity Date:   

April 1, 2030

Price to Public:   

99.788%

Benchmark Treasury:   

1.500% UST due February 15, 2030

Benchmark Treasury Price / Yield:   

106-28 / 0.777%

Spread to Benchmark Treasury:   

+412.5 bps

Yield to Maturity:   

4.902%

Interest Payment Dates:   

April 1 and October 1, commencing October 1, 2020

Record Dates:   

March 15 and September 15

Optional Redemption:   

Make-whole call at T+50 bps plus accrued and unpaid interest

Par Call:   

On or after January 1, 2030

CUSIP/ISIN:   

444859BN1 / US444859BN12

 

 

 

*

Note: A securities rating is not a recommendation to buy, sell or hold securities and may be subject to revision or withdrawal at any time.

The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement, the preliminary prospectus supplement thereto relating to the Senior Notes and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus and the preliminary prospectus supplement thereto relating to the Senior Notes if you request it by calling BofA Securities, Inc. toll-free at 1-800-294-1322, Goldman Sachs & Co. LLC toll-free at 1-866-471-2526, or by calling J.P. Morgan Securities LLC collect at 212-834-4533.

Any disclaimer or other notice that may appear below is not applicable to this communication and should be disregarded. Such disclaimer or notice was automatically generated as a result of this communication being sent by Bloomberg or another email system.