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Exhibit 10.1
Aetna Inc.
000 Xxxxxxxxxx Xxxxxx
Xxxxxxxx, XX 00000-0000
March 2, 2001
VIA FACSIMILE AND OVERNIGHT MAIL
Xxxxxx Guaranty Trust Company of New York,
as Administrative Agent under the Credit
Agreement referred to below
00 Xxxx Xxxxxx, 0xx Xxxxx
Xxx Xxxx, XX 00000-0000
Attn: Xxxxx Dell'aquila,
Vice President
Fax: 000-000-0000
Xxxxxx Guaranty Trust Company of New York
c/o X.X. Xxxxxx Services Inc.
000 Xxxxxxx Xxxxxxxxxx Xxxx
Xxxxxx, XX 00000-0000
Attn: Xxxxx Xxxx,
Associate
Fax: 000-000-0000
RE: NOTICE OF COMMITMENT REDUCTION EVENT
Ladies and Gentlemen:
Reference is made to the $1,500,000,000 Bridge Credit Agreement dated as of
December 13, 2000 among Aetna Inc. (formerly known as Aetna U.S. Healthcare
Inc.), as Borrower, the banks listed on the signature pages thereof and Xxxxxx
Guaranty Trust Company of New York, as Administrative Agent (the "CREDIT
AGREEMENT"). Terms not otherwise defined herein are defined as set forth in
the Credit Agreement.
The Borrower hereby gives notice of a Commitment Reduction Event pursuant to
Section 2.06(d) of the Credit Agreement. The Commitment Reduction Event (an
issuance by the Borrower of $900 million aggregate principal amount of debt
securities pursuant to a public offering) was consummated on March 2, 2001,
and the Borrower received Net Proceeds of $888,695,500 therefrom. The Net
Proceeds consist of $889,195,500 cash proceeds received by the Borrower net of
SEC filing fees of $500,000.
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Xxxxxx Guaranty Trust Company of New York,
as Administrative Agent
Xxxxxx Guaranty Trust Company of New York,
c/o X.X. Xxxxxx Services Inc.
March 2, 2001
Very truly yours,
AETNA INC.
By: /s/ Xxxxxx X. Xxxxx, Xx.
------------------------------------------
Name: Xxxxxx X. Xxxxx, Xx.
Title: Vice President, Finance and Treasurer
