The Firm represented the underwriters in connection with a registered public offering by Philip Morris International Inc. of €2 billion of its Notes, consisting of €500 million of its 0.125% Notes due 2026, €750 million of its 0.8% Notes due 2031 and €750 million of its 1.45% Notes due 2039. The offering closed on August 1, 2019.
PMI is a leading international tobacco company engaged in the manufacture and sale of cigarettes, smoke-free products and associated electronic devices and accessories, and other nicotine-containing products in markets outside the U.S.
The Simpson Thacher team for the transaction included Roxane Reardon, Jessica Asrat and Richard Ragusa (Capital Markets); Jonathan Cantor (Tax); Jamin Koslowe (Executive Compensation and Employee Benefits); Michael Isby (Environmental); Marissa Lambert (Intellectual Property); and Jennie Getsin (FINRA and Blue Sky).