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Cigna logoCigna CI

The company said it entered into an Underwriting Agreement on February 5, 2024 with Deutsche Bank Securities Inc., Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC and Wells Fargo Securities, LLC as representatives of the underwriters.

8-KOther EventsFiled Period of report Summary published (UTC)

Key points

AI summary
  1. The company said it entered into an Underwriting Agreement on February 5, 2024 with Deutsche Bank Securities Inc., Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC and Wells Fargo Securities, LLC as representatives of the underwriters.

  2. Cigna said it will issue and sell 5.000% Senior Notes due 2029 in an aggregate principal amount of $1 billion and 5.125% Senior Notes due 2031 in an aggregate principal amount of $750 million.

  3. The Cigna Group said it will issue and sell 5.250% Senior Notes due 2034 in an aggregate principal amount of $1.25 billion and 5.600% Senior Notes due 2054 in an aggregate principal amount of $1.5 billion.

  4. The company said it intends to use the proceeds to pay the consideration for Tender Offers for up to $2.25 billion of outstanding notes maturing in 2024, 2025, 2026, 2027 and 2030. It said it plans to use the remaining proceeds to repay its 0.613% Senior Notes due 2024 at maturity and for general corporate purposes.

Summary

AI-written

Analysis scope · Filing bodyWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

Cigna Signs Underwriting Agreement for 4 Senior Notes Offering

The company said it entered into an Underwriting Agreement on February 5, 2024 with Deutsche Bank Securities Inc., Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC and Wells Fargo Securities, LLC as representatives of the underwriters.

Source · Based on the filing body and exhibits

Senior Notes Issuance Size Due 2029 and 2031

Cigna said it will issue and sell 5.000% Senior Notes due 2029 in an aggregate principal amount of $1 billion and 5.125% Senior Notes due 2031 in an aggregate principal amount of $750 million.

Source · Based on the filing body and exhibits

Senior Notes Issuance Size Due 2034 and 2054

The Cigna Group said it will issue and sell 5.250% Senior Notes due 2034 in an aggregate principal amount of $1.25 billion and 5.600% Senior Notes due 2054 in an aggregate principal amount of $1.5 billion.

Source · Based on the filing body and exhibits

Use of Proceeds Plan

The company said it intends to use the proceeds to pay the consideration for Tender Offers for up to $2.25 billion of outstanding notes maturing in 2024, 2025, 2026, 2027 and 2030. It said it plans to use the remaining proceeds to repay its 0.613% Senior Notes due 2024 at maturity and for general corporate purposes.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.