Simpson Thacher Represents Underwriters in $5.25 Billion Debt Offering by Philip Morris International
03.01.23
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The Firm represented the underwriters in connection with a registered public offering by Philip Morris International Inc. of $5.25 billion of its Notes, consisting of $1.25 billion of its 4.875% Notes due 2026, $1 billion of its 4.875% Notes due 2028, $1.5 billion of its 5.125% Notes due 2030 and $1.5 billion of its 5.375% Notes due 2033. The offering closed on February 15, 2023.
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, Carlie Passes and Samuel Boissard (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).