HARTFORD, Conn. — Aetna (NYSE: AET) today announced that it will redeem for cash the entire $750 million aggregate principal amount outstanding of its 3.95 percent Senior Notes due September 1, 2020 (CUSIP 00817Y AH1) (the "2020 Notes"), on or about March 29, 2017. The 2020 Notes were issued in August 2010.
The 2020 Notes will be redeemed at a redemption price that includes a make-whole premium, plus any interest accrued and unpaid to, but excluding, the redemption date. Payment of the redemption price will be made on or about March 29, 2017. Aetna expects to fund the redemption from available cash and short-term debt.
A notice of redemption is being sent to all currently registered holders of the 2020 Notes by the trustee, U.S. Bank National Association. Copies of the notice of redemption and additional information relating to the procedure for redemption may be obtained from U.S. Bank National Association by calling 1-800-934-6802.
Aetna is one of the nation’s leading diversified health care benefits companies, serving an estimated 46.7 million people with information and resources to help them make better informed decisions about their health care. Aetna offers a broad range of traditional, voluntary and consumer-directed health insurance products and related services, including medical, pharmacy, dental, behavioral health, group life and disability plans, and medical management capabilities, Medicaid health care management services, workers’ compensation administrative services and health information technology products and services. Aetna’s customers include employer groups, individuals, college students, part-time and hourly workers, health plans, health care providers, governmental units, government-sponsored plans, labor groups and expatriates. For more information, see www.aetna.com.
Cautionary Statement Regarding Forward-Looking Statements; Additional Information
Certain information in this press release is forward-looking, including our expectations as to the timing and funding of the redemption of the 2020 Notes. Forward-looking information is based on management’s estimates, assumptions and projections and is subject to significant uncertainties and other factors, many of which are beyond our control. Important risk factors could cause actual future results and other future events to differ materially from those currently estimated by management, including, but not limited to, changes in our future cash requirements, capital requirements, results of operations, financial condition and/or cash flows. For more discussion of important risk factors that may materially affect Aetna, please see the risk factors contained in Aetna’s 2016 Annual Report on Form 10-K ("Aetna’s 2016 Annual Report"), on file with the Securities and Exchange Commission. You also should read Aetna’s 2016 Annual Report for a discussion of Aetna’s historical results of operations and financial condition.