Company: CI
Filing Date: 2025-05-02
Form Type: 10-Q
Source: 0001739940-25-000021
Chunk: 79

Company: Cigna Group
Filing Date: 2025-05-02
Form: 10-Q
Item: Part I, Item 8
Chunk 79
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 an applicable margin based on the Company's senior unsecured credit ratings.The Credit Agreement also contains customary covenants and restrictions, including a financial covenant that the Company's leverage ratio, as defined in the Credit Agreement, may not exceed 60%, subject to certain exceptions upon the consummation of an acquisition.

Commercial Paper. Under our commercial paper program, we may issue short-term, unsecured commercial paper notes privately placed on a discounted basis through certain broker-dealers at any time not to exceed an aggregate amount of $6.5 billion. Amounts available under the program may be borrowed, repaid and re-borrowed from time to time. The net proceeds of issuances have been and are expected to be used for general corporate purposes. There was no commercial paper outstanding balance as of March 31, 2025. 

Debt Covenants. The Company was in compliance with its debt covenants as of March 31, 2025.

Interest Expense. Interest expense on long-term and short-term debt was $362 million for the three months ended March 31, 2025 and $369 million for the three months ended March 31, 2024.