Aetna Inc. (NYSE:AET) Files An 8-K Entry into a Material Definitive Agreement

Aetna Inc. (NYSE:AET) Files An 8-K Entry into a Material Definitive Agreement

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Item 1.01 Entry into a Material Definitive Agreement.

On March 17, 2017, Aetna Inc. (“Aetna”) entered into a Fourth
Amendment (the “Fourth Amendment”) to the Five-Year Credit
Agreement dated as of March 27, 2012 (as amended as of September
24, 2012 and further amended as of March 2, 2015 and July 30,
2015 and as extended from time to time, the Existing Credit
Agreement), with the various lenders party to the Fourth
Amendment and JPMorgan Chase Bank, N.A., as administrative agent.
A summary of the terms of the Existing Credit Agreement may be
found in Aetna Inc.’s Current Reports on Form 8-K filed on March
28, 2012, September 27, 2012, March 5, 2015 and July 31, 2015,
which summary is incorporated herein by reference.
Among other things, the Fourth Amendment (i) extends the maturity
date of the Existing Credit Agreement to March 27, 2021; (ii)
eliminates the availability of swingline loans; (iii) provides
Aetna with additional time on each business day to provide
notices of borrowing and (iv) adds customary provisions to
reflect European Union “bail-in” directive legislation.
A copy of the Fourth Amendment is filed as Exhibit 99.1 hereto. A
copy of the notice of closing confirming the effectiveness of the
Fourth Amendment and the extension of the maturity date of the
Existing Credit Agreement is filed as Exhibit 99.2 hereto. Each
of those Exhibits is hereby incorporated in this Item 1.01 by
reference.
The administrative agent and certain of the lender parties to the
Fourth Amendment and/or the Existing Credit Agreement perform
normal banking, investment banking and/or advisory services for
Aetna and its affiliates from time to time for which they have
received customary fees and expenses.
The foregoing summary of the Fourth Amendment is not complete and
is qualified in its entirety by the full text of the Fourth
Amendment, which is filed as Exhibit 99.1 hereto, and
incorporated herein by reference. You are encouraged to read the
Existing Credit Agreement and the Fourth Amendment in their
entirety.
Section 2 – Financial Information
Item 2.03 Creation of a Direct Financial Obligation or an
Obligation under an Off-Balance Sheet Arrangement of a
Registrant.
The information in Item 1.01 of this current report is hereby
incorporated by reference into this Item 2.03.
Section 9 – Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
99.1
Fourth Amendment dated as of March 17, 2017, to the
Five-Year Credit Agreement dated as of March 27, 2012
99.2
Notice of closing dated March 17, 2017


About Aetna Inc. (NYSE:AET)

Aetna Inc. is a diversified healthcare benefits company. The Company operates through three segments: Health Care, Group Insurance and Large Case Pensions. The Health Care segment’s products and services consist of medical, pharmacy benefit management services, dental, behavioral health and vision plans offered on both an insured basis and an employer-funded, or administrative services contact, basis and emerging businesses products and services, such as accountable care solutions (ACS). The Group Insurance segment’s products consist of Life Insurance Products, Disability Insurance Products and Long-Term Care Insurance Products. The Large Case Pensions segment manages a range of retirement products, (including pension and annuity products) primarily for tax-qualified pension plans. Its customers include employer groups, individuals, college students, part-time and hourly workers, health plans, healthcare providers (providers), Government-sponsored plans, labor groups and expatriates.

Aetna Inc. (NYSE:AET) Recent Trading Information

Aetna Inc. (NYSE:AET) closed its last trading session down -1.26 at 129.09 with 1,679,622 shares trading hands.

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