Anthem, Inc.’s $2.5 Billion Senior Notes Offering

Davis Polk advised the representatives of several underwriters on an SEC-registered offering by Anthem, Inc.

The Anthem, Inc. offering consisted of $2.5 billion in aggregate principal amount of senior notes, consisting of $850 million in aggregate principal amount of 2.375% senior notes due 2025, $825 million in aggregate principal amount of 2.875% senior notes due 2029 and $825 million in aggregate principal amount of 3.700% senior notes due 2049.

Anthem is one of the largest health benefits companies in the United States. Anthem is an independent licensee of the Blue Cross and Blue Shield Association, an association of independent health benefit plans.

BofA Securities, Inc., Goldman Sachs & Co. LLC and J.P. Morgan Securities LLC acted as representatives of several underwriters on the deal.

The Davis Polk corporate team included partner Joseph A. Hall (Picture) and associate Hillary A. Coleman. Partner Mario J. Verdolini and associate Talya Presser provided tax advice.

Involved fees earner: Hillary Coleman – Davis Polk & Wardwell; Joseph Hall – Davis Polk & Wardwell; Talya Presser – Davis Polk & Wardwell; Mario Verdolini – Davis Polk & Wardwell;

Law Firms: Davis Polk & Wardwell;

Clients: Bank of America Securities; Goldman Sachs & Co.; J.P. Morgan Securities LLC;