Philip Morris (PM) has released an update to notify the public and investors about an entry into a material definitive agreement.
Philip Morris International Inc. has extended its existing revolving credit facility’s expiration date from January 30, 2024, to January 28, 2025, with a credit amount of $1.7 billion. This facility, originally established on February 12, 2013, involves various lenders and Citibank Europe plc as the administrative agent. While the extension modifies the expiration date, all other terms of the Credit Agreement remain unchanged. The lenders have provided, and may continue to provide, various financial services to PMI, for which they receive standard fees.
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