Health Net to Refinance Debt
The refinanicng of its $400 million senior notes due 2011 will result in an $80 million charge.
Health Net
(HNT)
announced Wednesday that it's begun to refinance its $400 million senior notes due 2011.
The managed health care company expects to incur a one-time charge of roughly $80 million for costs related to the refinancing of the senior notes in its second quarter ending June 30.
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The company's shares closed Wednesday's session down 62 cents, or 1.4%, at $43.06.
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