Company: HUM
Filing Date: 2025-03-05
Form Type: 8-K
Source: 0001628280-25-010583
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Company: HUMANA INC
Filing Date: 2025-03-05
Form: 8-K
Item: Item 1.01
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Item 1.01. Entry into a Material Definitive Agreement.

Underwriting Agreement

On March 3, 2025, Humana Inc. (the “ Company”) entered into an underwriting agreement (the “ Underwriting Agreement”) with Barclays Capital Inc., BofA Securities, Inc., J. P. Morgan Securities LLC, Mizuho Securities USA LLC and U. S. Bancorp Investments, Inc., as representatives of the several underwriters (together, the “ Underwriters”), pursuant to which the Company agreed to issue and sell to the Underwriters $750 million aggregate principal amount of its 5.550% Senior Notes due 2035 (the “2035 Senior Notes”) and $500 million aggregate principal amount of its 6.000% Senior Notes due 2055 (the “2055 Senior Notes” and, together with the 2035 Senior Notes, the “ Senior Notes”), in accordance with the terms and conditions set forth in the Underwriting Agreement. The 2035 Senior Notes were sold at a public offering price of 99.885% of the aggregate principal amount thereof and the 2055 Senior Notes were sold at a public offering price of 98.951% of the aggregate principal amount thereof.

The sale of the Senior Notes has been registered with the Securities and Exchange Commission (the “ Commission”) in a registration statement on Form S-3, File No. 333-277734 (the “ Registration Statement”). The terms of the Senior Notes are described in the Company’s Prospectus dated March 7, 2024, as supplemented by a final Prospectus Supplement dated March 3, 2025 as filed with the Commission on March 4, 2025, pursuant to Rule 424(b)(5) under the Securities Act of 1933, as amended.

The Underwriters and their affiliates have performed commercial banking, investment banking, corporate trust and advisory services for the Company from time to time for which they have received customary fees and expenses. The Underwriters and their affiliates may, from time to time, engage in transactions with and perform services for the Company in the ordinary course of their business. In addition, certain affiliates of the Underwriters are lenders under the Company’s revolving credit facility and 364-day credit facility, and the Underwriters or their affiliates may hold the Company’s existing senior notes for their own accounts.