Cigna Corporation’s $12.7 Billion Notes Offering

Simpson Thacher represented the Cigna Corporation in the transaction.

Cigna Corporation completed offers to exchange certain existing notes issued by three of Cigna’s subsidiaries (Cigna Holding Company, Express Scripts Holding Company, Medco Health Solutions, Inc.) for similar notes issued by Cigna and cash. Eligible holders exchanged approximately $12.7 billion of existing notes in the exchange offers.

J.P. Morgan Securities LLC, Deutsche Bank Securities Inc. and Wells Fargo Securities, LLC acted as dealer managers.

The Simpson Thacher team for the transaction included Joseph Kaufman (Picture), Stephanie Rowan and Matt Drucker (Capital Markets); and Jonathan Cantor and Gal Shemer (Tax).

Involved fees earner: Jonathan Cantor – Simpson Thacher & Bartlett; Matthew Drucker – Simpson Thacher & Bartlett; Joseph Kaufman – Simpson Thacher & Bartlett; Stephanie Rowan – Simpson Thacher & Bartlett; Gal Shemer – Simpson Thacher & Bartlett;

Law Firms: Simpson Thacher & Bartlett;

Clients: Cigna Corporation;