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Philip Morris International logoPhilip Morris International PM

On November 17, 2025, Philip Morris International announced it will redeem all of its outstanding 4.875% Notes due February 13, 2026 on December 4, 2025.

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

Key points

AI summary
  1. On November 17, 2025, Philip Morris International announced it will redeem all of its outstanding 4.875% Notes due February 13, 2026 on December 4, 2025.

  2. As of November 17, 2025, the company said the aggregate principal amount of the Notes to be redeemed outstanding was $1,700,000,000.

  3. The company said that on the redemption date it will pay the greater of (i) 100% of the principal amount of the Notes to be redeemed and (ii) the sum of the present values of each remaining scheduled payment of principal and interest that would be due if such Notes matured on February 13, 2026, discounted to the redemption date at a rate equal to the applicable treasury rate plus 15 basis points, plus accrued and unpaid interest, if any.

  4. The company said the information contained in this Form 8-K does not constitute a notice of redemption of the Notes, and holders of the Notes should refer to the notice of redemption delivered to the registered holders by HSBC Bank USA, National Association, the trustee with respect to the Notes.

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.

Redemption of all 4.875% Notes due February 13, 2026

On November 17, 2025, Philip Morris International announced it will redeem all of its outstanding 4.875% Notes due February 13, 2026 on December 4, 2025.

Source · Based on the filing body and exhibits

Outstanding principal amount to be redeemed: $1,700,000,000

As of November 17, 2025, the company said the aggregate principal amount of the Notes to be redeemed outstanding was $1,700,000,000.

Source · Based on the filing body and exhibits

Redemption price calculation

The company said that on the redemption date it will pay the greater of (i) 100% of the principal amount of the Notes to be redeemed and (ii) the sum of the present values of each remaining scheduled payment of principal and interest that would be due if such Notes matured on February 13, 2026, discounted to the redemption date at a rate equal to the applicable treasury rate plus 15 basis points, plus accrued and unpaid interest, if any.

Source · Based on the filing body and exhibits

This 8-K is not a notice of redemption; refer to trustee notice

The company said the information contained in this Form 8-K does not constitute a notice of redemption of the Notes, and holders of the Notes should refer to the notice of redemption delivered to the registered holders by HSBC Bank USA, National Association, the trustee with respect to the Notes.

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.