secwatch.observer — SEC 8-K summary
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Issuer:     Philip Morris International Inc. (PM)
CIK:        0001413329
Form:       8-K
Filed at:   2024-12-17T23:59:59+00:00
Accession:  0001104659-24-129362
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1413329/000110465924129362/0001104659-24-129362-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1413329/000110465924129362/tm2430819d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-129362

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