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Life Health > Health Insurance > Your Practice

Health Net Prices Notes

By Staff Writer

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A managed care company is preparing to raise cash.

Health Net Inc., Woodland Hills, Calif., says it has priced a public offering of $300 million in senior notes due in 2017.

The notes will pay a fixed rate of interest of 6.375% for 10 years.

Health Net will use the proceeds to pay off a $300 million term loan that is scheduled to come due June 23, 2011, the company says.

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