Healthcare service provider, UnitedHealth Group (UNH) Wednesday said that it has commenced modified Dutch Auction cash tender offers for up to $200 million aggregate principal amount of short-term notes and $550 million aggregate principal amount of intermediate-term notes. The tender offers will expire on February 3, 2010, unless extended or earlier terminated by the company.
UnitedHealth expects to use a combination of cash on hand and the proceeds from the issuance of commercial paper to fund the purchase of the notes. The company does not anticipate reporting any charges to earnings for the retirement of the tendered notes.
The Minneapolis, Minnestoa-based company believes that the proposed debt repurchase will improve the matching of floating rate assets and liabilities on its balance sheet and reduce its debt service cost, further strengthening the company's solid financial position.
The company said that as per the key terms of the tender offer the total consideration payable under the tender offers per $1,000 principal amount of each series of notes validly tendered on January 22, 2010, unless extended by UnitedHealth.
UnitedHealth stated that for the tender offers it has retained BofA Merrill Lynch, Citi, J.P. Morgan and RBS as dealer managers and Global Bondholder Services Corp has served as the Information and Depositary Agent.
UNH is currently trading at $31.81, up $0.33 or 1.05% on a volume of 5.69 million shares on the NYSE.
For comments and feedback contact: editorial@rttnews.com
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.