secwatch.observer — SEC 8-K summary
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Issuer:     Cigna Group (CI)
CIK:        0001739940
Form:       8-K
Filed at:   2024-04-26T23:59:59+00:00
Accession:  0000950159-24-000130
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 new $6.5B revolving credit facilities, replacing existing lines
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- Signed a $5.0B five-year revolver and a $1.5B 364-day revolver, effective April 25, 2024.
- Facilities include an accordion option to increase total commitments by up to $1.5B to $8.0B.
- Credit agreements replace Cigna's prior revolving credit facilities in full.
- Leverage covenant: total consolidated debt to capitalization ratio cannot exceed 0.60:1 (or 0.65:1 post-large acquisition).
- Interest rates based on SOFR plus an applicable margin depending on Cigna's credit ratings.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1739940/000095015924000130/0000950159-24-000130-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1739940/000095015924000130/cigna8k.htm
  HTML page:      https://secwatch.observer/filing/0000950159-24-000130

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