Aetna Says It Completed $13 Billion Bond Offering

Aetna AET revealed Thursday that it completed the long-term financing for its proposed acquisition of Humana through a public offering of $13 billion bond.

Aetna indicated it expects to use the net proceeds from the public offering to fund a part of the cash port of the acquisition price of its planned acquisition of Humana.

The company indicated that as a result of the completed bond offering, its one-year, $13 billion bridge credit agreement entered into on July 30, 2015, in connection with the planned acquisition would be terminated effective Thursday.

Aetna's public offering included $500 million of Floating Rate Senior Notes due in 2017; $1 billion of 1.700 percent Senior Notes due in 2018; $1.65 billion of 1.900 percent Senior Notes due in 2019; $1.85 billion of 2.400 percent Senior Notes due in 2021; $1.3 billion of 2.800 percent Senior Notes due in 2023; $2.8 billion of 3.200 percent Senior Notes due in 2026; $1.5 billion of 4.250 percent Senior Notes due in 2036; and $2.4 billion of 4.375 percent Senior Notes due in 2046.

The stock traded 1.20 percent down on Thursday.