Cigna Corp Raises $4.5 Billion Through Senior Notes Sale

Cigna Corp (CI) has released an update.

The Cigna Group has partnered with major financial institutions to sell a total of $4.5 billion in Senior Notes with varying maturity dates between 2029 and 2054, featuring interest rates from 5.000% to 5.600%. The company plans to use the proceeds to buy back existing notes due soon and for other corporate activities, including debt repayment and potential stock repurchases. This strategic financial move aims to manage debt maturities and strengthen the company’s balance sheet.

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For a comprehensive understanding of the announcement, you can read the full document here.