Firm Represents Underwriters in $1.5 Billion Debt Offering by Altria Group, Inc.
05.16.11
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The Firm recently represented the underwriters, led by Goldman Sachs, RBS and Citi as joint book-running managers, in connection with an offering by Altria Group, Inc. of $1.5 billion 4.750% Notes due 2021. The notes are guaranteed by Philip Morris USA Inc., a wholly owned subsidiary of Altria that is engaged in the manufacture and sale of cigarettes and other tobacco products in the United States. Altria intends to use the net proceeds of the offering for general corporate purposes.
The Simpson Thacher team for the transaction included, among others, Ed Tolley, Jiyoung Sohn and Karen Wang (Corporate), Jonathan Cantor and Danny Salinas (Tax), Jamin Koslowe and David Cheng (Executive Compensation and Employee Benefits), Michael Isby (Environmental), Linda Martin and Fadi Hanna (Litigation), Keren Siman-Tov (IP), Scott Dyer and Julie Levy (Labor), and Jennie Getsin (FINRA and Blue Sky).