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