debt
confidence high
sentiment neutral
materiality 0.50
Philip Morris prepays €3B 3-year term loan tranche due 2025
Philip Morris International Inc.
- Prepaid approximately €3B ($3.2B) including principal and accrued interest under the 3-year tranche.
- Borrowings under the 5-year tranche of €2.5B ($2.6B) remain outstanding.
- Prepayment financed with proceeds from notes issued Nov 1, 2024 and cash on hand.
- The 3-year tranche was originally set to mature on November 9, 2025.