The Firm represented the underwriters, led by Citi, Goldman, Sachs & Co. and J.P. Morgan, as joint book-running managers, in connection with an offering by Philip Morris International Inc. of $1.0 billion of 4.50% Notes due 2020. BBVA Securities, BNP Paribas, Credit Agricole CIB, HSBC 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.’s subsidiaries and affiliates and their licensees are engaged in the manufacture and sale of cigarettes and other tobacco products outside of the United States. Philip Morris International Inc.’s products are sold in approximately 160 countries and, in many of these countries, they hold the number one or number two market share positions.
The Simpson Thacher team for the transaction included, among others, Ed Tolley, Edgar Lewandowski and Rohith Parasuraman (Corporate), Jonathan Cantor and Jennifer Klein (Tax), Michael Isby (Environmental), Linda Martin and Fadi Hanna (Litigation), Jamin Koslowe, Doug Tang and Samantha Shipp (Executive Compensation and Employee Benefits), Keren Siman-Tov (Intellectual Property), and Jennie Getsin (FINRA and Blue Sky).