UnitedHealth Group’s $1.5 Billion Notes Offering


Simpson Thacher represented Merrill Lynch, Pierce, Fenner & Smith Incorporated, Citigroup Global Markets Inc. and J.P. Morgan Securities LLC, as joint bookrunning managers in connection with a public offering by UnitedHealth Group Incorporated of $1.5 billion aggregate principal amount of notes, consisting of $750 million aggregate principal amount of 3.45% Notes due 2027 and $750 million aggregate principal amount of 4.2% Notes due 2047.

The offering closed on December 20, 2016.

UnitedHealth Group is a diversified health and well-being company dedicated to helping people live healthier lives and making health care work better. Headquartered in Minnetonka, Minnesota, UnitedHealth Group offers a broad spectrum of health benefits and health services. UnitedHealth Group offers health benefits through its UnitedHealthcare Employer & Individual, UnitedHealthcare Medicare & Retirement, UnitedHealthcare Community & State and UnitedHealthcare Global businesses, and provides health services to participants in the health system through its OptumHealth, OptumInsight and OptumRx businesses.

The Simpson Thacher team included Roxane Reardon (Picture), Alexander Coedo and Ki Hoon Kim (Capital Markets); Jonathan Cantor and Jodi Schneider (Tax); and Jennie Getsin (FINRA and Blue Sky).

Involved fees earner: Roxane Reardon – Simpson Thacher & Bartlett; Alexander Coedo – Simpson Thacher & Bartlett; Jonathan Cantor – Simpson Thacher & Bartlett; Jodi Schneider – Simpson Thacher & Bartlett; Jennie Getsin – Simpson Thacher & Bartlett;

Law Firms: Simpson Thacher & Bartlett;

Clients: Citigroup Global Markets Ltd; Merrill Lynch, Pierce, Fenner & Smith Incorporated; JP Morgan Securities;

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Author: Ambrogio Visconti