UnitedHealth Group’s $4 Billion Notes Offering

Simpson Thacher represented Merrill Lynch, Pierce, Fenner & Smith Incorporated, Barclays Capital Inc., Goldman Sachs & Co. LLC, Morgan Stanley & Co. LLC, RBC Capital Markets, LLC and the other underwriters in connection with a public offering by UnitedHealth Group Incorporated of $4 billion aggregate principal amount of its notes, consisting of $350 million aggregate principal amount of Floating Rate Notes due 2021, $400 million aggregate principal amount of 3.15% Notes due 2021, $750 million aggregate principal amount of 3.5% Notes due 2023, $1.15 billion aggregate principal amount of 3.85% Notes due 2028 and $1.35 billion aggregate principal amount of 4.25% Notes due 2048.

The offering closed on June 19, 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 and Sarah Katz (Tax); Marcela Robledo (Intellectual Property); Spencer Sloan (Bank Regulatory); and Jennie Getsin (FINRA and Blue Sky).

 

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

Law Firms: Simpson Thacher & Bartlett;

Clients: Barclays Capital; Goldman, Sachs & Co.; Merrill Lynch, Pierce, Fenner & Smith Incorporated; Morgan Stanley; RBC Capital Markets;

 

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Author: Ambrogio Visconti