03:13 AM EDT, 03/12/2024 (MT Newswires) -- Humana (HUM) said late Monday it priced a public offering of $2.25 billion principal amount of senior notes in two series.

The offering consists of $1.25 billion of 5.375% senior notes due 2031 priced at 99.94% of par value, and $1 billion of 5.75% senior notes due 2054 priced at 99.949% of par value.

Net proceeds, estimated to be about $2.23 billion, will be used for general corporate purposes, the company said.

Closing of the offering is expected to occur on Wednesday, subject to customary conditions.

Price: 347.07, Change: +0.07, Percent Change: +0.02