secwatch.observer — SEC 8-K summary
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Issuer:     ALTRIA GROUP, INC. (MO)
CIK:        0000764180
Form:       8-K
Filed at:   2023-10-25T23:59:59+00:00
Accession:  0001193125-23-263116
Event type: debt
Sentiment:  neutral
Materiality: 0.35
Item codes: 1.01, 1.02, 2.03, 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/764180/000119312523263116/0001193125-23-263116-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/764180/000119312523263116/d482533d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-263116

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