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ALTRIA GROUP, INC. 8-K Report, Corporate Update (Feb 6, 2025)

Reports
Other Events·Exhibits & Filings
Filing Date
Filed February 6, 2025
Period End
February 6, 2025
Security
MO
In the record · 2016–202610-K2110-Q328-K143

MO filed 21 annual reports (10-K), 32 quarterly reports (10-Q) and 143 current reports (8-K) between 2016 and 2026.

  1. Material agreement8-K · Aug ’18Aug ’18
  2. Deal closed8-K · Nov ’20Nov ’20
  3. Leadership change8-K · Oct ’22Oct ’22
  4. Material agreement8-K · Oct ’26Oct ’26

01—Abstract

Summary

Summary of the 8-K filed February 6, 2025. Cited figures are marked; the original filing is the authoritative source.

Altria Group, Inc. (MO) has announced the issuance of $1 billiona in aggregate principal amount of senior unsecured notes.

This offering consists of $500 millionb of 4.875% Notes due 2028 and $500 million of 5.625% Notes due 2035. The notes are guaranteed by Altria's wholly-owned subsidiary, Philip Morris USA Inc. (PM USA).

This debt issuance aims to provide the company with additional capital, though the specific use of proceeds is not detailed in this filing. Investors should note the coupon rates and maturity dates, as well as the equal ranking of these notes with other senior unsecured debt of Altria and PM USA.

02—Key points

Key Highlights

  1. Altria Group issued $1 billion in aggregate principal amount of new debt.
  2. The offering includes $500 million of 4.875% Notes due 2028 and $500 million of 5.625% Notes due 2035.
  3. The notes are senior unsecured obligations of Altria Group, Inc.
  4. Philip Morris USA Inc. (PM USA), a subsidiary, is providing guarantees for both series of notes.
  5. PM USA's guarantees are also senior unsecured obligations.
  6. The Notes were issued under an existing Indenture dated November 4, 2008.
  7. The company filed a Prospectus Supplement dated February 4, 2025, in connection with this public offering.

03—Questions

Frequently Asked Questions

  1. What is the total amount of debt Altria Group is issuing?

    Altria Group is issuing a total of $1 billion in aggregate principal amount of notes, split between two series.

  2. What are the interest rates and maturity dates for the new notes?

    The company is issuing $500 million of 4.875% Notes due February 4, 2028, and $500 million of 5.625% Notes due February 6, 2035.

  3. Who is guaranteeing these new notes?

    Philip Morris USA Inc. (PM USA), a wholly-owned subsidiary of Altria Group, Inc., is guaranteeing both the 2028 Notes and the 2035 Notes.

  4. How do these new notes rank in terms of priority?

    The notes are senior unsecured obligations of Altria Group and rank equally with all of the company's existing and future senior unsecured indebtedness. Similarly, the guarantees from PM USA are senior unsecured obligations of PM USA, ranking equally with its existing and future senior unsecured indebtedness.

04—Continue

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