Simpson Thacher Represents Underwriters in $2 Billion Debt Offering by Philip Morris International
11.06.17
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The Firm represented Barclays Capital Inc., Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC, Deutsche Bank Securities Inc., ING Financial Markets LLC and Santander Investment Securities Inc. as joint bookrunning managers, in connection with a registered public offering by Philip Morris International Inc. of $750 million of its 1.875% Notes due 2019, $750 million of its 2.5% Notes due 2022 and $500 million of its 3.125% Notes due 2028 to be listed on the New York Stock Exchange. The offering closed on November 2, 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).