UnitedHealth Group’s $3 Billion Notes Offering

Simpson Thacher represented J.P. Morgan Securities LLC, Citigroup Global Markets Inc., Mizuho Securities USA LLC, U.S. Bancorp Investments, Inc. and the other underwriters in connection with a public offering by UnitedHealth Group Incorporated of $3 billion aggregate principal amount of its notes, consisting of $750 million aggregate principal amount of 3.5% Notes due 2024, $300 million aggregate principal amount of 3.7% Notes due 2025, $850 million aggregate principal amount of 3.875% Notes due 2028 and $1.1 billion aggregate principal amount of 4.45% Notes due 2048.

The offering closed on December 17, 2018.

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) and Conor Colasurdo (Capital Markets); Jonathan Cantor (Tax); Marcela Robledo (Intellectual Property); and Jennie Getsin (FINRA and Blue Sky).

Involved fees earner: Jonathan Cantor – Simpson Thacher & Bartlett; Conor Colasurdo – Simpson Thacher & Bartlett; Jennie Getsin – Simpson Thacher & Bartlett; Roxane Reardon – Simpson Thacher & Bartlett; Marcela Robledo – Simpson Thacher & Bartlett;

Law Firms: Simpson Thacher & Bartlett;

Clients: Citigroup Global Markets Ltd; JP Morgan Securities; Mizuho Securities; US Bancorp;


Author: Ambrogio Visconti