Company: HUM
Filing Date: 2025-02-20
Form Type: 10-K
Source: 0000049071-25-000007
Chunk: 46

Company: HUMANA INC
Filing Date: 2025-02-20
Form: 10-K
Item: Item 8
Chunk 46
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 $400 million, 4.625% due December 1, 2042366 396 $750 million, 4.950% due October 1, 2044714 740 $400 million, 4.800% due March 15, 2047392 396 $500 million, 3.950% due August 15, 2049505 529 $750 million, 5.500% due March 15, 2053705 728 $1,000 million, 5.750% due April, 15, 2054972 — Total long-term debt$11,144 $10,213 

99

Humana Inc.NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)

Maturities of the short-term and long-term debt for the years ending December 31, are as follows:For the years ending December 31,(in millions)2025$577 2026— 20271,231 2028993 20291,025 Thereafter8,150 Senior NotesOur senior notes, which are unsecured, may be redeemed at our option at any time at 100% of the principal amount plus accrued interest and a specified make-whole amount. The 8.150% senior notes are subject to an interest rate adjustment if the debt ratings assigned to the notes are downgraded (or subsequently upgraded). In addition, our senior notes contain a change of control provision that may require us to purchase the notes under certain circumstances. We repaid the remaining $559 million aggregate principal amount of our 3.850% senior notes on their maturity date of October 1, 2024. In November 2024, we repaid our $500 million 5.700% unsecured senior notes due March 13, 2026. In March 2024, we issued $1.3 billion of 5.375% unsecured senior notes due April 15, 2031 and $1.0 billion of 5.750% unsecured senior notes due April 15, 2054. Our net proceeds, reduced for the underwriters' discounts and commissions paid, were $2.2 billion. We used the net proceeds for general corporate purposes, which included the repayment of existing indebtedness, including borrowings under our commercial paper program.We have entered into interest-rate swap agreements with major financial institutions to convert