Simpson Thacher Represents Underwriters in $6.0 Billion Debt Offering by Philip Morris International
11.18.22
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The Firm represented the underwriters in connection with a registered public offering by Philip Morris International Inc. of $6.0 billion of its Notes, consisting of $1 billion of its 5.125% Notes due 2024, $750 million of its 5.000% Notes due 2025, $1.5 billion of its 5.125% Notes due 2027, $1.25 billion of its 5.625% Notes due 2029 and $1.5 billion of its 5.750% Notes due 2032. The offering closed on November 17, 2022.
Philip Morris International is leading a transformation in the tobacco industry to create a smoke-free future and ultimately replace cigarettes with smoke-free products to the benefit of adults who would otherwise continue to smoke, society, the company and its shareholders.
The Simpson Thacher team for the transaction included Roxane Reardon, Richard Ragusa and Carlie Passes (Capital Markets); Jonathan Cantor and Kris Liu (Tax); Jamin Koslowe (Executive Compensation and Employee Benefits); Vanessa Burrows and Tera Rule (Healthcare); Michael Isby (Environmental); Jessica Cohen and Kate Mirino (Intellectual Property); and Jennie Getsin (FINRA and Blue Sky).