Also, consumers are no longer saving less and borrowing more on credit card, home equity and other loans to bridge the gap between income and desired spending growth.
Gilinski got bridge loans from Barclays and ING, backed by equity in the bank, and sold convertible bonds in the U.S. to get the money to seal the deal in record time.
To finance the deal, Cigna will raise about 20% of the acquisition costs in new equity, use its cash, and rely on a bridge loan provided by its financial advisor, Morgan Stanley.