debt
confidence high
sentiment neutral
materiality 0.30
PMI enters $2B revolver due 2031, extends €1.5B facility to 2029
Philip Morris International Inc.
- New $2B senior unsecured revolver signed Dec 11, 2025, expires Jan 29, 2031; replaces existing $2B facility due Feb 10, 2027.
- Interest at Adjusted Term SOFR plus 0.175% margin; includes up to $800M swingline.
- Existing €1.5B revolving facility extended from Jan 29, 2028 to Jan 29, 2029 via amendment.
- No borrowings outstanding under terminated facility; proceeds for general corporate purposes and working capital.
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