---
schema_version: "secwatch.filing_event.v1"
accession: "0001413329-22-000119"
form_type: "8-K"
ticker: "PM"
cik: "0001413329"
company_name: "Philip Morris International Inc."
filed_at: "2022-11-07T23:59:59+00:00"
generated_at: "2026-06-22T05:11:10.122952+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# PMI completes Swedish Match tender, acquires 82.59% stake; extends offer to Nov 25 at SEK 115.07/share

## Summary
- Borrowed $7.9B under bridge credit agreement and €5.5B total under term loan credit agreements on Nov 7, 2022.
- PMHH owns 82.59% of Swedish Match shares (excl. treasury) from tenders through Nov 4; 90% acceptance condition waived.
- Settlement for tendered shares expected Nov 11; acceptance period extended to Nov 25, 2022.
- Price for future tenders reduced to SEK 115.07/share due to SEK 0.93 dividend scheduled for record Nov 14.
- PMI expects to consolidate Swedish Match results from Nov 11; aims for >90% ownership to delist and initiate compulsory redemption.

## SEC filing metadata
- accession: 0001413329-22-000119
- form_type: 8-K
- ticker: PM
- cik: 0001413329
- company_name: Philip Morris International Inc.
- filed_at: 2022-11-07T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1413329/000141332922000119/0001413329-22-000119-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1413329/000141332922000119/pm-20221107.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001413329-22-000119
- JSON: https://secwatch.observer/filing/0001413329-22-000119.json
- Plain text: https://secwatch.observer/filing/0001413329-22-000119.txt

## Key facts
- Debt Financings
  Philip Morris International Inc. incurred credit facility of $7.9 billion with Citibank Europe PLC, UK Branch.
  - Instrument: credit facility
  - Principal: $7.9 billion
  - Counterparty: Citibank Europe PLC, UK Branch
  - Event: incurrence
  source text: on November 7, 2022, the Company delivered notices of borrowing for aggregate advances of $7.9 billion under the Bridge Credit Agreement
  evidence_url: https://www.sec.gov/Archives/edgar/data/1413329/000141332922000119/0001413329-22-000119-index.htm
- Debt Financings
  Philip Morris International Inc. incurred term loan of €2.5 billion (approximately $2.5 billion) with Citibank Europe PLC, UK Branch maturing five-year loan.
  - Instrument: term loan
  - Principal: €2.5 billion (approximately $2.5 billion)
  - Counterparty: Citibank Europe PLC, UK Branch
  - Maturity: five-year loan
  - Event: incurrence
  source text: a five-year loan of €2.5 billion (approximately $2.5 billion) under the Term Loan Credit Agreement
  evidence_url: https://www.sec.gov/Archives/edgar/data/1413329/000141332922000119/0001413329-22-000119-index.htm
- Debt Financings
  Philip Morris International Inc. incurred term loan of €3.0 billion (approximately $3.0 billion) with Citibank Europe PLC, UK Branch maturing three-year loan.
  - Instrument: term loan
  - Principal: €3.0 billion (approximately $3.0 billion)
  - Counterparty: Citibank Europe PLC, UK Branch
  - Maturity: three-year loan
  - Event: incurrence
  source text: notices of borrowing providing an advance under a three-year loan of €3.0 billion (approximately $3.0 billion)
  evidence_url: https://www.sec.gov/Archives/edgar/data/1413329/000141332922000119/0001413329-22-000119-index.htm

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