---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-263116"
form_type: "8-K"
ticker: "MO"
cik: "0000764180"
company_name: "ALTRIA GROUP, INC."
filed_at: "2023-10-25T23:59:59+00:00"
generated_at: "2026-06-09T12:25:02.217064+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.35
calibrated_materiality_score: 0.35
confidence: "high"
source: SEC EDGAR
---

# Altria enters new $3B revolving credit facility; director Sakkab to retire at 2024 meeting

## Summary
- New $3B 5-year revolving credit facility with JPMorgan and Citibank as agents, expiring Oct 2028, with two 1-year extension options.
- Replaces prior $3B facility (expiring Aug 2025); no borrowings outstanding under either facility.
- Credit facility requires minimum consolidated EBITDA/interest coverage ratio of 4.0x; guaranteed by Philip Morris USA Inc.
- Director Nabil Sakkab (age 76) resigns per board retirement guidelines; will not stand for re-election at May 16, 2024 annual meeting.

## SEC filing metadata
- accession: 0001193125-23-263116
- form_type: 8-K
- ticker: MO
- cik: 0000764180
- company_name: ALTRIA GROUP, INC.
- filed_at: 2023-10-25T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.35
- calibrated_materiality_score: 0.35
- confidence: high
- sec_items: 1.01, 1.02, 2.03, 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/764180/000119312523263116/0001193125-23-263116-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/764180/000119312523263116/d482533d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-263116
- JSON: https://secwatch.observer/filing/0001193125-23-263116.json
- Plain text: https://secwatch.observer/filing/0001193125-23-263116.txt

## Key facts
- Debt Financings
  ALTRIA GROUP, INC. incurred revolving credit of $3 billion with JPMorgan Chase Bank, N.A. and Citibank, N.A., as administrative agents, and the lenders named therein maturing October 24, 2028.
  - Instrument: revolving credit
  - Principal: $3 billion
  - Counterparty: JPMorgan Chase Bank, N.A. and Citibank, N.A., as administrative agents, and the lenders named therein
  - Maturity: October 24, 2028
  - Event: incurrence
  source text: and Citibank, N.A., as administrative agents, and the lenders named therein (the “Lenders”). The Credit Agreement provides for borrowings up to an aggregate principal amount of $3 billion. The Credit Agreement expires on October 24, 2028 and includes an option, subject to certain conditions, for Altria to extend the Credit Agreement for two additional one-year
  evidence_url: https://www.sec.gov/Archives/edgar/data/764180/000119312523263116/0001193125-23-263116-index.htm
- Executive change
  Nabil Y. Sakkab resigned as Director at ALTRIA GROUP, INC..
  - Action: resigned
  - Role: Director
  source text: Nabil Y. Sakkab (age 76), a director of Altria since 2008, submitted his written resignation to the Board, and, on October 25, 2023, the Board, based on the recommendation of the Board’s Nominating, Corporate Governance and Social Responsibility Committee, accepted Dr. Sakkab’s resignation effective upon completion of his term.
  evidence_url: https://www.sec.gov/Archives/edgar/data/764180/000119312523263116/0001193125-23-263116-index.htm
- Material Agreements
  ALTRIA GROUP, INC. terminated Terminated Agreement valued at $3 billion (effective 2023-10-24).
  - Action: termination
  - Agreement: credit facility
  - Value: $3 billion
  - Effective: 2023-10-24
  source text: The Credit Agreement replaces Altria’s prior $3 billion amended and restated 5-year revolving credit agreement (the “Terminated Agreement”), which was to expire on August 1, 2025 and was terminated effective October 24, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/764180/000119312523263116/0001193125-23-263116-index.htm
- Material Agreements
  ALTRIA GROUP, INC. entered into Credit Agreement with JPMorgan Chase Bank, N.A. and Citibank, N.A., as administrative agents, and the lenders named therein valued at $3 billion (effective 2023-10-24).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: JPMorgan Chase Bank, N.A. and Citibank, N.A., as administrative agents, and the lenders named therein
  - Value: $3 billion
  - Effective: 2023-10-24
  source text: On October 24, 2023, Altria Group, Inc. (“Altria”) entered into a 5-year revolving credit facility (the “Credit Agreement”) with JPMorgan Chase Bank, N.A. and Citibank, N.A., as administrative agents, and the lenders named therein (the “Lenders”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/764180/000119312523263116/0001193125-23-263116-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.