HARTFORD, Conn. – Aetna (NYSE: AET) today announced that it will redeem for cash the entire $750 million aggregate principal amount outstanding of its 6.000% Senior Notes due 2016 (CUSIP 00817YAE8) (the "2016 Notes") on March 14, 2014. The 2016 Notes were issued in June 2006.
The 2016 Notes will be redeemed at a redemption price that includes a make-whole premium, plus any interest accrued and unpaid to the redemption date. Payment of the redemption price will be made on March 14, 2014. Aetna expects to finance the redemption with additional indebtedness.
A notice of redemption is being sent to all currently registered holders of the 2016 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 44 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; ADDITIONAL INFORMATION – Certain information in this press release is forward-looking, including our expectations as to the financing of the redemption. 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 and our ability to raise funds through additional indebtedness, which may be impacted by, among other things, adverse and less predictable economic conditions in the U.S. and abroad, a downgrade in our financial ratings, any failure to raise the U.S. Federal government's debt ceiling or any sustained U.S. Federal government shut down. For more discussion of important risk factors that may materially affect Aetna, please see the risk factors contained in Aetna’s 2012 Annual Report on Form 10-K ("Aetna’s 2012 Annual Report") and Aetna's Quarterly Report on Form 10-Q for the quarter ended September 30, 2013 ("Aetna's Quarterly Report"), each on file with the Securities and Exchange Commission (the "SEC"). You also should read Aetna’s 2012 Annual Report and Aetna’s Quarterly Report on file with the SEC and Aetna’s 2013 Annual Report on Form 10-K when filed with the SEC for a discussion of Aetna’s historical results of operations and financial condition.
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