Hartford health insurer Aetna, which on Thursday reported a 94 percent increase in fourth-quarter profits, said it will pay off $750 million in senior notes two years before their due date.
Aetna did not disclose the exact amount of the payment, which will take place March 14, but said it will include interest accrued and unpaid.Â
The notes had a 6 percent interest rate and were issued in 2006 as part of a $2 billion underwriting agreement with Citigroup Global Markets, Goldman Sachs, and J.P. Morgan Securities.
Aetna will take on additional debt to redeem the notes.
