Health insurer WellPoint, parent of Anthem Blue Cross of Connecticut, said Thursday it completed its sale of two sets of senior notes worth a combined $100 million, The Associated Press reports.
The company said it completed the transaction announced earlier in the week, which included $700 million in senior unsecured notes due in 2020 and $300 million in notes due in 2040.
Proceeds from the transaction totaled more than $986 million after underwriting costs, the company reported in a filing with the Securities and Exchange Commission.
WellPoint said it will use the proceeds to repay short and long-term debts and for other corporate expenses.
