PMI enters €1.5B revolving credit facility due 2028 for corporate use

Philip Morris International Inc.

€1.5 billion (≈$1.6B) senior unsecured revolving credit facility signed Dec 17, 2024, effective Jan 29, 2025.
Facility matures Jan 29, 2028, with interest at 0.45% margin over EURIBOR and customary fees.
Proceeds for general corporate purposes, including working capital; lenders include 15 major banks.
Standard events of default with grace periods; bankruptcy triggers automatic acceleration.
PMI may request one-year extensions and increase commitments up to €2.25B under certain conditions.

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