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.
About Aetna
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.
Copyright Business Wire 2014