Anthem, Inc. $5.5 Billion Senior Notes Offering
11/21/2017

Davis Polk advised the representatives of the several underwriters on an SEC-registered offering by Anthem, Inc. of $5.5 billion in aggregate principal amount of senior notes, consisting of $900 million in aggregate principal amount of 2.500% senior notes due 2020, $750 million in aggregate principal amount of 2.950% senior notes due 2022, $850 million in aggregate principal amount of 3.350% senior notes due 2024, $1.6 billion in aggregate principal amount of 3.650% senior notes due 2027 and $1.4 billion in aggregate principal amount of 4.375% senior notes due 2047. 

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 Donald Shum, Yoojin L. Kim, Johanna Bachmair and Heita Miki. Partner Lucy W. Farr and associate Gil Savir provided tax advice. All members of the Davis Polk team are based in the New York office.