Healthequity announces pricing of $500 million senior notes due 2029

Draper, utah, sept. 28, 2021 (globe newswire) -- healthequity (nasdaq: hqy), the nation's largest health savings account (hsa) non-bank custodian, today announced that it has priced an offering of $500 million aggregate principal amount of its 4.500% senior notes due 2029. the senior notes will be guaranteed by certain of healthequity's subsidiaries on a senior unsecured basis. healthequity intends to use the net proceeds from the offering, together with cash on hand and borrowings under new credit facilities, to refinance outstanding amounts under its existing term loan and/or for general corporate purposes. the offering is expected to close on october 8, 2021, subject to the satisfaction of customary closing conditions.
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