The Firm represented the underwriters, led by Deutsche Bank, Citi, HSBC and JPMorgan, as joint book-running managers, in connection with an offering by Philip Morris International Inc. of €1.75 billion of debt securities, consisting of €1.0 billion of 5.625% Notes due 2011 and €750 million of 5.875% Notes due 2015. BBVA Securities, BNP Paribas, Credit Suisse and Société Générale acted as senior co-managers for the offering. The notes were sold in a public offering and will be listed for trading on the New York Stock Exchange.
Philip Morris International Inc. is the largest (in terms of volume) and most profitable publicly traded tobacco company in the world. Philip Morris International Inc.’s products are sold in approximately 160 countries.
The Simpson Thacher team for the transaction included, among others, Ed Tolley, Edgar Lewandowski and Jackie Kahng (Corporate), Jonathan Cantor and Jennifer Klein (Tax), Michael Isby (Environmental), Tamala Boyd (Litigation), and Mark Lab and Andrew Pagliughi (FINRA and Blue Sky).