Summary by Moomoo AI
UnitedHealth Group Incorporated has announced the issuance of $6 billion in notes, divided into six tranches with varying interest rates and maturity dates ranging from 2027 to 2064. The notes, which are unsecured obligations, will rank equally with the company's other unsecured and unsubordinated indebtedness. Interest on the notes will be payable semi-annually, with the first payment commencing on October 15, 2024. The offering involves several joint book-running managers, including BofA Securities, Barclays, J.P. Morgan, and Mizuho, among others. The proceeds from the sale of the notes are intended for general corporate purposes, which may include refinancing short-term borrowings, redeeming, repurchasing, or repaying outstanding securities. The notes will be issued under an existing shelf registration process, and the underwriters have the option to purchase additional notes under certain conditions. The announcement also details the underwriting discounts and the public offering price for each tranche of notes.