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CIGNA Prices Tender Offer

by staff Writer

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CIGNA Corp. says it will pay holders of senior notes eligible for a tender offer $1,151.74 per $1,000 in principal amount.

CIGNA, Philadelphia (NYSE:CI), made the offer for $300 million in senior notes due in 2018. The notes pay an interest rate of 6.35%.

The offer expired at 11:59 EST Tuesday.

“In addition to the purchase price, CIGNA will also pay accrued and unpaid interest on notes purchased up to, but not including the settlement date,” CIGNA says.

- Allison Bell