8-KOther EventsExhibits & Filings

Philip Morris International Inc. 8-K Report, Corporate Update (Aug 18, 2011)

Filed August 18, 2011For Securities:PM

Summary

Philip Morris International Inc. (PM) filed an 8-K on August 18, 2011, to report on the issuance of an additional $600,000,000 aggregate principal amount of its 2.500% Notes due 2016. This issuance is a "further issuance" of notes previously sold in May 2011, bringing the total aggregate principal amount of these notes to $1,250,000,000. The company has filed a Prospectus Supplement outlining the terms of this offering. The notes are senior unsecured obligations of PM, ranking equally with existing and future senior unsecured debt. They mature on May 16, 2016, and carry a semi-annual interest payment of 2.500% per annum, payable on May 16 and November 16, with the first payment due November 16, 2011. The issuance was facilitated through a Terms Agreement with Deutsche Bank Securities Inc. and SG Americas Securities, LLC as underwriters.

Key Highlights

  • 1Philip Morris International Inc. issued an additional $600 million in 2.500% Notes due 2016.
  • 2The total aggregate principal amount of these notes outstanding is now $1.25 billion.
  • 3The notes mature on May 16, 2016.
  • 4Interest on the notes is 2.500% per annum, payable semi-annually.
  • 5The notes are senior unsecured obligations of the company.
  • 6The issuance was conducted under a Terms Agreement with Deutsche Bank Securities Inc. and SG Americas Securities, LLC as underwriters.
  • 7A Prospectus Supplement detailing the offering has been filed with the SEC.

Frequently Asked Questions

The primary purpose of this 8-K filing is to report on Philip Morris International Inc.'s issuance of an additional $600 million in its 2.500% Notes due 2016. This is considered a further issuance, expanding on a prior offering of the same notes.

The notes have a principal amount of $600 million, mature on May 16, 2016, and bear a fixed interest rate of 2.500% per annum, payable semi-annually on May 16 and November 16. They are senior unsecured obligations of the company.

This issuance increases the total aggregate principal amount of the 2.500% Notes due 2016 to $1.25 billion. As senior unsecured obligations, these notes rank equally with other existing and future senior unsecured indebtedness of the company.

The underwriters for this debt offering were Deutsche Bank Securities Inc. and SG Americas Securities, LLC, acting under a Terms Agreement entered into on August 12, 2011.