After four consecutive sessions of gains, UnitedHealth (UNH) slipped ~2% in the premarket on Tuesday after the managed care giant announced plans to sell a range of securities from time to time using a “shelf” process.
According to a prospectus filed with the SEC on Monday, the Eden Prairie, Minnesota-based company intends to sell any combination of debt, preferred stock, common stock, warrants, and guarantees as part of one or more offerings.
UnitedHealth (UNH) said that it intends to use the net proceeds from the offerings for debt refinancing or repayment, stock buybacks, acquisitions, working capital requirements, and other general corporate purposes.
The announcement comes after the company, with its Q4 results, projected its first annual revenue decline in decades and reported $24.4B in cash and cash equivalents as of Dec. 31, 2025, indicating a ~4% YoY drop.
