WellPoint wraps up sale of $100 million in senior notes due 2020 and 2040

WellPoint closes sale of $100 million senior notes

WASHINGTON — Health insurer WellPoint said Thursday it completed its sale of two sets of senior notes worth a combined $100 million.

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.