What is happening with Philip Morris International's 1.875% Notes due February 25, 2021?

Philip Morris International (PMI) is redeeming all of these outstanding notes. This means they are paying back the principal amount plus any accrued interest before the original maturity date.

When will the notes be redeemed and when will investors be paid?

The redemption date is scheduled for January 25, 2021. Investors holding these notes will receive their principal payment plus any accrued and unpaid interest on or before this date.

What is the total value of the notes being redeemed?

The total aggregate principal amount of the notes outstanding and being redeemed is $750,000,000.

Does this filing serve as the official notice for redemption?

No, this filing does not constitute the official notice of redemption. Holders of the notes should refer to the separate notice of redemption provided by the trustee, HSBC Bank USA, National Association.

PM 8-K SEC Disclosure — Dec 15, 2020

Summary

Philip Morris International Inc. (PMI) announced its intention to redeem all outstanding 1.875% Notes due February 25, 2021. The redemption is scheduled for January 25, 2021, with a total principal amount of $750,000,000 to be redeemed. Holders will receive 100% of the principal amount plus any accrued and unpaid interest up to the redemption date.

Key Highlights

1PMI to redeem $750 million in 1.875% Notes due Feb 25, 2021.
2Redemption date set for January 25, 2021.
3Redemption price will be 100% of the principal plus accrued interest.
4This action signifies proactive debt management by PMI.
5The filing includes a press release as an exhibit.

Philip Morris International Inc. 8-K Report, Corporate Update (Dec 15, 2020)

Summary

Key Highlights

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