This Facility Is Expected To Bolster Tritium's Liquidity Upon Closing And Will Provide Additional Working Capital. (Photo: Business Wire) [TheStreet.com]
The Cigna Group (CI)
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Source: TheStreet.com
Tritium Holdings Pty Ltd ("Tritium"), a global developer and manufacturer of direct current ("DC") fast charging technology for electric vehicles ("EVs"), today announced entry into a US$90 million debt facility with Cigna Investments, Inc. ("Cigna"), the investment arm of Cigna Corporation, a U.S.-based global health services company, and Barings LLC ("Barings"), a leading global financial services firm and subsidiary of MassMutual, a U.S.-based mutual insurance company. All figures are in USD unless otherwise noted. This press release features multimedia. View the full release here: This facility is expected to bolster Tritium's liquidity upon closing and will provide additional working capital. (Photo: Business Wire) Tritium plans to use the proceeds from the facility to refinance two prior financings led by Cigna and other company debt. The new facility will extend the availability of funds past the close of the proposed business combination (the "Business Combination") with De
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News
- Cigna Corporation (NYSE:CI) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- The Cigna Group (NYSE: CI) had its price target raised by analysts at Cantor Fitzgerald from $384.00 to $400.00. They now have an "overweight" rating on the stock.MarketBeat
- The Cigna Group (NYSE: CI) had its price target raised by analysts at Oppenheimer Holdings Inc. from $370.00 to $400.00. They now have an "outperform" rating on the stock.MarketBeat
- The Cigna Group Reports Strong First Quarter 2024 Results, Raises 2024 OutlookPR Newswire
- New Report: Employers Play Critical Role in Curbing Today's Youth Mental Health CrisisPR Newswire
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- 5/2/24 - Miss
CI
Sec Filings
- 5/3/24 - Form 144
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- 5/2/24 - Form 8-K
- CI's page on the SEC website