Cigna Corp (CI) has released an update.
The Cigna Group successfully completed its offering of $4.5 billion in Senior Notes with varying maturity dates from 2029 to 2054 and interest rates ranging from 5.000% to 5.600%. The company plans to use the funds raised to repurchase up to $2.25 billion of its outstanding notes and for general corporate needs, including debt repayment and possibly buying back shares of its common stock. The offering was conducted under the company’s existing shelf registration and governed by agreements with U.S. Bank Trust Company as trustee.
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