8-KOther EventsExhibits & Filings

ALTRIA GROUP, INC. 8-K Report, Corporate Update (Jun 11, 2010)

Filed June 11, 2010For Securities:MO

Summary

This Form 8-K filing by Altria Group, Inc. (MO) on June 11, 2010, details the issuance of $800 million in aggregate principal amount of 4.125% Notes due 2015. These notes are senior unsecured obligations of Altria Group, Inc., ranking equally with its existing and future senior unsecured indebtedness. Notably, Philip Morris USA Inc. (PM USA), a wholly-owned subsidiary, is providing a guarantee for these notes, which constitutes PM USA's senior unsecured obligation. The issuance was conducted through a Terms Agreement with a group of underwriters led by Barclays Capital Inc., Credit Suisse Securities (USA) LLC, and Deutsche Bank Securities Inc., pursuant to an existing Underwriting Agreement from November 4, 2008. The net proceeds from this offering will likely be used for general corporate purposes, although specific use is not detailed in this filing. Investors should note the maturity date of September 11, 2015, and the semi-annual interest payments commencing March 11, 2011.

Key Highlights

  • 1Altria Group, Inc. issued $800 million in aggregate principal amount of 4.125% Notes due 2015.
  • 2The Notes are senior unsecured obligations of Altria Group, Inc.
  • 3Philip Morris USA Inc. (PM USA), a subsidiary, provided a guarantee for the Notes.
  • 4The Notes mature on September 11, 2015.
  • 5Interest payments are scheduled semi-annually, commencing March 11, 2011.
  • 6The offering was facilitated by a Terms Agreement with several underwriters, including Barclays Capital, Credit Suisse, and Deutsche Bank Securities.
  • 7The issuance leverages an existing Underwriting Agreement dated November 4, 2008.

Frequently Asked Questions

This 8-K filing announces and provides details regarding Altria Group, Inc.'s issuance of $800 million in 4.125% Notes due 2015. It includes information about the terms of the notes, the guaranteeing subsidiary (PM USA), and the underwriting syndicate involved in the offering.

The Notes are senior unsecured obligations of Altria Group, Inc. and rank equally with the company's other senior unsecured indebtedness. Additionally, PM USA has provided a guarantee, which is also a senior unsecured obligation of PM USA, ranking equally with PM USA's other senior unsecured indebtedness.

Interest on the Notes is payable semiannually on March 11 and September 11 of each year, with the first payment scheduled for March 11, 2011. Holders of record on the preceding February 24 or August 27 will receive these payments.

The Notes will mature on September 11, 2015.