Philip Morris International Inc.
PMI Extends Credit Facility
Summary
On January 24, 2024, Philip Morris International Inc. (PMI) announced the extension of its 364-day revolving credit facility from January 30, 2024, to January 28, 2025, in the amount of $1.7 billion. This extension was made through an agreement with the lenders named in the original Credit Agreement and Citibank Europe plc, UK Branch as administrative agent. All other terms and conditions of the Credit Agreement remain unchanged.
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About Philip Morris International Inc.
Philip Morris International Inc. is a leading global tobacco company primarily engaged in the manufacture and sale of cigarettes and other nicotine-containing products. Known for owning some of the world's best-selling cigarette brands like Marlboro, Philip Morris International plays a significant role in the consumer goods sector. The company's strategic focus includes developing smoke-free alternatives such as heated tobacco systems and e-cigarettes, addressing shifting consumer preferences and regulatory landscapes. Headquartered in New York City, Philip Morris operates in over 180 countries, showcasing a robust international presence. The firm is noteworthy for its commitment to transforming public health narratives within the tobacco industry by advocating for reduced-risk products. As part of its market significance, Philip Morris International drives innovation in tobacco products, influencing regulatory frameworks and competitive dynamics in the global market.
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