We advised the underwriters on the investment-grade debt offering

Davis Polk advised the representatives of the several underwriters, on an SEC-registered offering by Anthem, Inc. of $3.5 billion in aggregate principal amount of unsecured and unsubordinated notes, consisting of an SEC-registered offering of $500 million in aggregate principal amount of unsecured and unsubordinated 0.450% notes due 2023, $750 million in aggregate principal amount of unsecured and unsubordinated 1.500% notes due 2026, $1 billion in aggregate principal amount of unsecured and unsubordinated 2.550% notes due 2051 and $1.25 billion in aggregate principal amount of a new series of unsecured and unsubordinated 3.600% notes due 2051.

Anthem is one of the largest health benefits companies in the United States. Anthem is an independent licensee of the Blue Cross and Blue Shield Association, an association of independent health benefit plans.

The Davis Polk corporate team included partner Joseph A. Hall and associates Jeannette Safi and Charlotte Allen. Associate Eitan Ulmer provided tax advice and associate Daniel P. Kearney provided intellectual property advice. Members of the Davis Polk team are based in the New York and London offices.

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