Philip Morris International Inc.
Philip Morris International Enters into Credit Agreement
Summary
On December 17, 2024, Philip Morris International Inc. (PMI) entered into a Credit Agreement relating to a senior unsecured revolving credit facility. The Facility provides for borrowings up to an aggregate principal amount of €1.5 billion and expires on January 29, 2028. The agreement contains customary events of default and may be used for general corporate purposes. PMI and its subsidiaries may engage in derivative arrangements with certain lenders and their affiliates.
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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.
Official SEC Documents
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