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Aetna downplays timing of $13 billion debt offering for Humana deal
Modern Healthcare

Aetna’s new debt issuance reflects a good borrowing market and should not be interpreted as higher confidence regarding its Humana acquisition, a top executive said at the Goldman Sachs healthcare conference Wednesday.

Last week, Aetna issued $13 billion in debt. That money, along with cash on hand and a $3.2 billion term loan, will fund the health insurer’s $37 billion takeover of Humana. Citigroup and UBS acted as the main underwriters. More than a dozen banks helped with the offering and were immediately owed a combined $82.5 million, adding to the deal’s ancillary costs.

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