Draper, Utah-based HealthEquity announced earlier this morning plans to raise up to $500 million in a senior debt offering.
![](https://newsroom.siliconslopes.com/content/images/2021/09/HealthEquity-logo-1.png)
The HealthEquity offering will be limited to "qualified institutional buyers," with repayment of the senior notes due 2029.
With more than 13 million accounts under management, HealthEquity, (NasdaqGS:HQY), is the largest health savings account (HSA) non-bank administrator/custodian in the United States.