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Philip Morris International logoPhilip Morris International PM

The company said it issued notes due 2029 with a principal amount of €500,000,000 and notes due 2032 with a principal amount of €500,000,000, with 2.750% and 3.250% as the respective interest rates, on June 6, 2025.

8-KOther EventsFiled Period of report Summary published (UTC)

Key points

AI summary
  1. The company said it issued notes due 2029 with a principal amount of €500,000,000 and notes due 2032 with a principal amount of €500,000,000, with 2.750% and 3.250% as the respective interest rates, on June 6, 2025.

  2. Philip Morris International said the 2029 notes mature on June 6, 2029 and the 2032 notes mature on June 6, 2032. It said interest is payable annually in arrears on June 6, with the first payment due on June 6, 2026.

  3. The company said it intends to add the net proceeds of the notes to its general funds. It said the proceeds may be used for general corporate purposes, to repay outstanding commercial paper, or to meet working capital requirements.

  4. The company said the notes are senior unsecured obligations and rank equally in right of payment with all of its existing and future senior unsecured indebtedness. It also said the notes are subject to customary covenants, including limits on secured debt and sale/leaseback transactions, and may be redeemed in whole or in part.

Summary

AI-written

Analysis scope · Filing bodyWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

Issues €500,000,000 of notes due 2029 and 2032

The company said it issued notes due 2029 with a principal amount of €500,000,000 and notes due 2032 with a principal amount of €500,000,000, with 2.750% and 3.250% as the respective interest rates, on June 6, 2025.

Source · Based on the filing body and exhibits

Maturity Dates and Interest Payment Terms of Notes

Philip Morris International said the 2029 notes mature on June 6, 2029 and the 2032 notes mature on June 6, 2032. It said interest is payable annually in arrears on June 6, with the first payment due on June 6, 2026.

Source · Based on the filing body and exhibits

Use of Net Proceeds from the Notes

The company said it intends to add the net proceeds of the notes to its general funds. It said the proceeds may be used for general corporate purposes, to repay outstanding commercial paper, or to meet working capital requirements.

Source · Based on the filing body and exhibits

Nature and Key Terms of the Notes

The company said the notes are senior unsecured obligations and rank equally in right of payment with all of its existing and future senior unsecured indebtedness. It also said the notes are subject to customary covenants, including limits on secured debt and sale/leaseback transactions, and may be redeemed in whole or in part.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.