Philip Morris (PM) has released an update.
Philip Morris International Inc. has successfully issued a series of senior unsecured notes totaling $4.75 billion with varying maturity dates from 2027 to 2034 and interest rates ranging from 4.750% to 5.250%. This significant financial move, managed by a consortium of underwriters, is aimed at bolstering the company’s general funds. These funds may be utilized for a variety of corporate needs including debt repayment and working capital requirements. The offering, detailed in a Prospectus Supplement, also outlines the terms for potential redemption of the notes and the payment schedule for interest to investors.
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