debt
confidence high
sentiment neutral
materiality 0.55
PMI issues $1.5B in senior notes: $750M 4.125% due 2029, $750M 4.875% due 2036
Philip Morris International Inc.
- Issued $750M of 4.125% Notes due 2029 and $750M of 4.875% Notes due 2036.
- Net proceeds added to general funds; may repay commercial paper, refinance 0.875% Notes due 2026, or working capital.
- Notes are senior unsecured obligations, rank equally with existing and future senior unsecured debt.
- Underwriters: Barclays, Mizuho, SMBC Nikko, Morgan Stanley, Santander, Standard Chartered.
- Interest payable semiannually; 2029 Notes mature April 27, 2029; 2036 Notes mature April 29, 2036.
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