PMI Issues €500M 3.750% Notes Due 2031

Details

(PMI) issued €500,000,000 aggregate principal amount of its 3.750% Notes due 2031. The notes were issued under an Indenture dated April 25, 2008, between PMI and HSBC Bank USA, National Association, as trustee. PMI intends to use the net proceeds for general corporate purposes, to repay commercial paper, or to meet working capital requirements. The notes are subject to customary covenants and PMI may redeem them in whole or in part under specified conditions.

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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.