Cigna Completes $4.5 Billion Senior Notes Offering and Related Tender Offers and Accelerated Share Repurchase
03.12.24
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Simpson Thacher recently represented The Cigna Group (NYSE: CI) (“Cigna”) in connection with its public offering of $4.5 billion in senior notes in four series of varying maturities. The Firm also represented Cigna in connection with its repurchase of approximately $1.76 billion of outstanding senior notes through tender offers concurrently with the notes offering.
Separately, the Firm represented Cigna in connection with repurchases of approximately $3.2 billion of common stock through an accelerated share repurchase agreement.
Cigna is a global health service company committed to creating a better future built on the vitality of every individual and every community. Cigna maintains sales capabilities in more than 30 countries and jurisdictions, and has approximately 165 million customer relationships around the world.
The Simpson Thacher team included Joseph Kaufman, Adriana Estor-Restrepo and Neil Patel (Capital Markets); Jonathan Lindabury and Nathan Utterback (Derivatives); Abram Ellis and Laurel Fresquez (Sanctions/Anticorruption); Erica Rozow and Jeanne Annarumma (Executive Compensation and Employee Benefits); Jonathan Cantor and Emma Wang (Tax); and Steven DeLott (Insurance).