Davis Polk advised the representatives of the several underwriters on an SEC-registered offering by Anthem, Inc. of $2.5 billion in aggregate principal amount of senior notes, consisting of an SEC-registered reopening of $400 million in aggregate principal amount of 2.375% senior notes due 2025 and an SEC-registered offering of $1.1 billion in aggregate principal amount of a new series of 2.250% senior notes due 2030 and $1.0 billion in aggregate principal amount of a new series of 3.125% senior notes due 2050.
Anthem is one of the largest health benefits companies in the United States. Anthem is an independent licensee of the Blue Cross and Blue Shield Association, an association of independent health benefit plans.
The Davis Polk corporate team included partner Joseph A. Hall and associates Hillary A. Coleman and Chloe Wang. Partner Mario J. Verdolini and associate Bree Gong provided tax advice. All members of the Davis Polk team are based in the New York office.