The Firm represented the underwriters, led by Credit Suisse, Deutsche Bank Securities and RBS, as joint book-running managers, in connection with an offering by Philip Morris International Inc. of $650 million of 2.500% Notes due 2016 and $350 million of 4.125% Notes due 2021. Banca IMI, Barclays Capital, Goldman, Sachs & Co., ING and Santander 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 in markets outside of the United States of America. Philip Morris International Inc.’s products are sold in approximately 180 countries and, in many of these countries, they hold the number one or number two market share position.
The Simpson Thacher team for the transaction included, among others, Ed Tolley, Jiyoung Sohn and Stephanie Rotter (Corporate), Jonathan Cantor and Danny Salinas (Tax), Jamin Koslowe, David Cheng and David Schneider (Executive Compensation and Employee Benefits), Michael Isby (Environmental), Linda Martin and Fadi Hanna (Litigation), Keren Siman-Tov (Intellectual Property), Scott Dyer and Julie Levy (Labor), and Jennie Getsin (FINRA and Blue Sky). Corporate paralegal Nicole Escobar also provided valuable assistance.