Simpson Thacher Represents Underwriters in $1 Billion Notes Offering by Altria Group, Inc.
05.03.13
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The Firm represented the underwriters, led by Barclays, Credit Suisse, HSBC and Wells Fargo Securities, in connection with a public offering by Altria Group, Inc. of $350 million aggregate principal amount of its 2.950% Notes due 2023 and $650 million aggregate principal amount of its 4.500% Notes due 2043.
Altria intends to use the net proceeds from the issuance of the Notes for general corporate purposes.
Altria is the parent company of Philip Morris USA and John Middleton. Altria also indirectly owns U.S. Smokeless Tobacco Company and Ste. Michelle Wine Estates and has a continuing economic and voting interest in SABMiller.
The Simpson Thacher team included Edward P. Tolley, III, Joia Lee and Jonathan Stradling (Capital Markets); Mike Isby (Environmental), Jonathan Cantor and Jodi L. Sackel (Tax); Jamin R. Koslowe (Executive Compensation and Employee Benefits); Marcela Robledo and Michelle Morad (Intellectual Property) and Jennie Getsin (Blue Sky).