Cigna Completes $1.6 Billion Senior Notes Offering and Related Tender Offers
09.28.17
This is only gets display when printing
Simpson Thacher recently represented Cigna Corporation (NYSE: CI) (“Cigna”) in connection with its public offering of $600 million of its 3.05% Senior Notes due 2027 and $1 billion of its 3.875% Senior Notes due 2047. The offering closed on September 14, 2017.
The Firm also represented Cigna in connection with its repurchase of $1 billion of outstanding senior notes through tender offers conducted concurrently with the notes offering.
Cigna used a portion of the net proceeds of the notes offering to fund the tender offers and it intends to use the remaining proceeds for general corporate purposes.
Cigna is a global health service company dedicated to helping people improve their health, well-being and sense of security. Cigna provides an integrated suite of health products and services in 30 countries and jurisdictions, and has more than 95 million customer relationships throughout the world.
The Simpson Thacher team included Joseph Kaufman, Daniel Areshenko and Jeffrey Wittman (Capital Markets); Larry Moss (Executive Compensation and Employee Benefits); Jodi Schneider and Deborah Plum (Tax); and Steven DeLott (Insurance).