Philip Morris Raises $4.75 Billion through Notes Issuance
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Philip Morris Raises $4.75 Billion through Notes Issuance

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.

For further insights into PM stock, check out TipRanks’ Stock Analysis page.


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