The Firm represented the underwriters, led by Barclays, Citigroup, Credit Suisse, HSBC and J.P. Morgan as joint book-running managers, in connection with an offering by Philip Morris International Inc. of $750 million of 1.875% Notes due 2019, $500 million of 3.600% Notes due 2023 and $750 million of 4.875% Notes due 2043. 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, Joia Lee, Jason Pearl and Katharine Thompson (Corporate), Jonathan Cantor and Jodi Sackel (Tax), Jamin Koslowe and Jeannine McSweeney (Executive Compensation and Employee Benefits), Michael Isby (Environmental), Marcela Robledo and Michelle Morad (Intellectual Property) and Jennie Getsin (FINRA and Blue Sky).