Aetna Inc. Notice of Commitment Reduction under Bridge Credit Agreement with Morgan Guaranty Trust Company of New York

Summary

Aetna Inc. notifies Morgan Guaranty Trust Company of New York, as Administrative Agent under a $1.5 billion Bridge Credit Agreement, that it is reducing its borrowing commitment by $300 million, effective June 11, 2001. This notice is given in accordance with the terms of the Credit Agreement, specifically Section 2.06(c). The letter is signed by Aetna's Vice President, Finance and Treasurer.

EX-10.2 4 y51667ex10-2.txt LETTER RE: NOTICE OF COMMITMENT REDUCTION 1 EXHIBIT 10.2 [AETNA Logo] Aetna Inc. 151 Farmington Avenue Hartford, CT 06156-3124 June 7, 2001 VIA FACSIMILE AND OVERNIGHT MAIL Morgan Guaranty Trust Company of New York, as Administrative Agent under the Credit Agreement referred to below 60 Wall Street, 5th Floor New York, NY 10260-0060 Attn: Maria Dell'aquila, Vice President Fax: 212 ###-###-#### Morgan Guaranty Trust Company of New York c/o J.P. Morgan Services Inc. 500 Stanton Christiana Road Newark, DE ###-###-#### Attn: Nancy Baiz, Associate Fax: 302 ###-###-#### RE: NOTICE OF COMMITMENT REDUCTION PURSUANT TO SECTION 2.06(c) 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 Morgan 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 ratably reduces the Commitments by $300,000,000 pursuant to Section 2.06(c) of the Credit Agreement, effective June 11, 2001. Very truly yours, AETNA INC. By: /s/ Alfred P. Quirk, Jr. - --------------------------------------------- Name: Alfred P. Quirk, Jr. Title: Vice President, Finance and Treasurer