The Firm represented the underwriters, led by Deutsche Bank, Citi and Goldman Sachs, as joint book-running managers, in connection with an offering by Philip Morris International Inc. of $1.25 billion of 6.875% Notes due 2014. BNP Paribas, RBS Greenwich Capital and Societe Generale acted as 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. was spun off from Altria Group, Inc. in March 2008 and 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 Jason Ewart (Corporate), Jonathan Cantor and Jennifer Klein (Tax), Michael Isby (Environmental), Linda Martin and Tamala Boyd (Litigation), Rachel Berry (Executive Compensation and Employee Benefits), Jennifer Rackoff (Intellectual Property), and Mark Lab and Andrew Pagliughi (FINRA and Blue Sky).