IFLR1000

Aetna $16.2 billion bridge loan

9/7/2015
Acquisition finance
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$ 16.2 billion

Completed

9/7/2015

Overview:

  • Health insurance company Aetna has obtained a $16.2 billion bridge loan to finance its acquisition of Humana.
  • When announced, this was the second largest bridge loan of 2015.
  • UBS Securities and Citigroup both served as lead arrangers.
  • Davis Polk & Wardwell (Jason Kyrwood) advised Aetna.
  • Shearman & Sterling (Jonathan DeSantis) advised UBS and Citigroup.

Kurt Stumpo - Journalist - North America and the Caribbean

Jurisdiction:

United States

Deal type:

Acquisition finance

Practice area:

Banking

Governing law:

United States

Industry sector:

Insurance

Firms:
Davis Polk & Wardwell

Party: Aetna (Borrower)

Lawyer: Jason Kyrwood

Shearman & Sterling

Party: UBS Securities (Lead arranger)

Party: Citigroup (Lead arranger)

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