Profitelligence Profitelligence · Filing Ledger Open CI research →

Form 8-K · Current Report · Filed 2024-02-13

Cigna Group Completes $4.5B Senior Notes Offering

On February 13, 2024, The Cigna Group completed the offering of $4.5 billion in aggregate principal amount of senior notes due in 2029, 2031, 2034, and 2054.

Filer
The Cigna Group CI · NYSE
Filed
Accession
0001140361-24-007429
CIK
0001739940
Signal
Medium impactHealthcare

Details

The notes will be used to fund tender offers for other outstanding notes and for general corporate purposes, including debt repayment and share repurchases. Legal opinion on the notes' legality is provided by Simpson Thacher & Bartlett LLP.

Items reported

Item 1.01

Entry into a Material Definitive Agreement

Financial Instrument Agreement
Item 2.03

Creation of a Direct Financial Obligation

New Debt Issued
Item 7.01

Regulation FD Disclosure

Regulation FD Disclosure
Item 8.01

Other Events

No viable tag
Item 9.01

Financial Statements and Exhibits

No viable tag

Market reaction

Close before filing

$337.25

Next session

+0.4%

Since filing

-17.3%

Latest close

$279.05

What happened, not what will happen — closing prices around the filing date.

Precedent

Previous filings from CI reporting the same item, with the next session's move:

Exhibits (2)

About The Cigna Group

The Cigna Group is a leading global health services organization. Ranging across a comprehensive spectrum of health and wellness services, the company aims to improve the health, well-being, and peace of mind of those it serves. Notably, Cigna offers medical, dental, disability, life, and accident insurance coverage to individuals and businesses, extending its reach from individual clients to multinational corporations. Its primary business comprehends a vast network within the managed care sector, focusing on providing accessible and affordable healthcare solutions to its users. Cigna’s influence spans multiple sectors including health insurance, pharmacy benefit management, and behavioral health, highlighting its diverse portfolio. The company plays a crucial role in the health insurance market, consistently driving innovation in healthcare solutions and cost management. Its ability to integrate health services and provide holistic care solutions is pivotal in addressing the evolving needs of the healthcare landscape globally."}

Exchange NYSE Industry Healthcare Plans Company website ↗

Never miss another CI filing

Profitelligence watches EDGAR around the clock and alerts you within seconds.

Set up free alerts