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