secwatch.observer — SEC 8-K summary
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Issuer:     Cigna Group (CI)
CIK:        0001739940
Form:       8-K
Filed at:   2023-04-28T23:59:59+00:00
Accession:  0000950159-23-000155
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 8.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cigna enters $4B five-year and $1B 364-day revolving credit facilities
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- New $4.0B five-year and $1.0B 364-day revolver replace existing credit facilities.
- Combined capacity can be increased by up to $1.5B, for a maximum of $6.5B.
- Interest rates based on SOFR plus margin tied to Cigna's senior unsecured credit ratings.
- Covenant limits leverage ratio to ≤0.60:1 (or 0.65:1 for four quarters post large acquisition).
- Facilities support general corporate purposes; JPMorgan, BofA, Citi, Morgan Stanley, Wells Fargo are joint lead arrangers.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1739940/000095015923000155/0000950159-23-000155-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1739940/000095015923000155/cigna8k.htm
  HTML page:      https://secwatch.observer/filing/0000950159-23-000155

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