Humana Inc. Reports Material Definitive Agreement

TL;DR

Humana inked a big financial deal on 5/31, filed 6/5.

AI Summary

On May 31, 2024, Humana Inc. entered into a Material Definitive Agreement related to a direct financial obligation. The company, headquartered in Louisville, KY, filed this 8-K report on June 5, 2024, detailing the creation of this obligation.

Why It Matters

This filing indicates Humana Inc. has entered into a significant financial agreement, which could impact its financial obligations and future operations.

Risk Assessment

Risk Level: medium — Entering into material definitive agreements and direct financial obligations can introduce financial risks and obligations that may affect the company's performance.

Key Players & Entities

• Humana Inc. (company) — Registrant
• May 31, 2024 (date) — Date of earliest event reported
• June 5, 2024 (date) — Date of Report
• Louisville, KY (location) — Principal executive offices

FAQ

Key Financial Figures

• $2,107,812,500 — ompany") entered into (i) a new 364-day $2,107,812,500 unsecured revolving credit agreement wi
• $1.5 billion — "), which replaces that certain 364-day $1.5 billion unsecured revolving credit agreement, d
• $2.5 billion — t") to the Company's existing five-year $2.5 billion unsecured revolving credit agreement, d
• $2,500,000,000 — e Existing 5-Year Credit Agreement from $2,500,000,000 to $2,642,187,500. Any borrowings under
• $2,642,187,500 — Credit Agreement from $2,500,000,000 to $2,642,187,500. Any borrowings under the Revolving Cre
• $500 million — Agreements permit the incurrence up to $500 million of incremental commitments, which amoun
• $18.1 million — ing Credit Agreements and approximately $18.1 million of issued and undrawn letters of credit
• $2.624 billion — of May 31, 2024, we have approximately $2.624 billion of remaining borrowing capacity under t
• $2.11 billion — Year Credit Agreement and approximately $2.11 billion of remaining borrowing capacity under t

Filing Documents

• d768337d8k.htm (8-K) — 30KB
• d768337dex101.htm (EX-10.1) — 456KB
• d768337dex102.htm (EX-10.2) — 567KB
• 0001193125-24-155138.txt ( ) — 1398KB
• hum-20240531.xsd (EX-101.SCH) — 3KB
• hum-20240531_lab.xml (EX-101.LAB) — 17KB
• hum-20240531_pre.xml (EX-101.PRE) — 11KB
• d768337d8k_htm.xml (XML) — 3KB

Financial Statements and Exhibits

Financial Statements and Exhibits. (d) Exhibits: Exhibit No. Description 10.1 364-Day Revolving Credit Agreement, dated as of May 31, 2024, among Humana Inc., and JPMorgan Chase Bank, N.A. as Agent, Bank of America, N.A. as Syndication Agent, Citibank, N.A., Goldman Sachs Bank USA, PNC Capital Markets LLC, U.S. Bank, National Association and Wells Fargo Securities, LLC, as Documentation Agents, and JPMorgan Chase Bank, N.A., BofA Securities, Inc., Citibank, N.A., Goldman Sachs Bank USA, PNC Capital Markets LLC, U.S. Bank, National Association and Wells Fargo Securities, LLC, as Joint-Lead Arrangers and Joint Bookrunners. 10.2 First Amendment to Fifth Amended and Restated Credit Agreement, dated as of May 31, 2024, among Humana Inc., and JPMorgan Chase Bank, N.A. as Agent, and certain banks and other financial institutions party thereto. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Report to be signed on its behalf by the undersigned hereunto duly authorized. HUMANA INC. BY: /s/ John-Paul Felter John-Paul Felter Senior Vice President, Chief Accounting Officer and Controller (Principal Accounting Officer) Dated: June 5, 2024

View Full Filing

View this 8-K filing on SEC EDGAR