Simpson Thacher Represents Underwriters in $1.25 Billion Debt Offering by Philip Morris International
08.17.17
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The Firm represented Goldman Sachs & Co. LLC, HSBC Securities (USA) Inc., J.P. Morgan Securities LLC, Mizuho Securities USA LLC and Société Générale as joint bookrunning managers, in connection with a registered public offering by Philip Morris International Inc. of $750 million of its 2.375% Notes due 2022 and $500 million of its 3.125% Notes due 2027 to be listed on the New York Stock Exchange. The offering closed on August 17, 2017.
Philip Morris International Inc.’s subsidiaries and affiliates and their licensees are engaged in the manufacture and sale of cigarettes, other tobacco products and other nicotine-containing products in markets outside of the United States of America. Philip Morris International Inc.’s products are sold in more than 180 markets and, in many of these markets, they hold the number one or number two market share position.
The Simpson Thacher team for the transaction included Ed Tolley, Arjun Koshal, Grady Chang and Ronnie Lim (Capital Markets); Jonathan Cantor and Jodi Schneider (Tax); Jamin Koslowe and Jeannine McSweeney (Executive Compensation and Employee Benefits); Michael Isby (Environmental); Marcela Robledo (Intellectual Property); and Jennie Getsin (FINRA and Blue Sky).