Philip Morris Discloses Debt Maturities and Interest Rates

Ticker: PM · Form: 8-K · Filed: Feb 21, 2024 · CIK: 1413329

Sentiment: neutral

Topics: debt, disclosure, fixed-income

TL;DR

**PMI just dropped an 8-K detailing all their outstanding bonds and their due dates, nothing major, just routine debt disclosure.**

AI Summary

Philip Morris International Inc. filed an 8-K on February 21, 2024, primarily under Regulation FD Disclosure and Financial Statements and Exhibits. The filing details various notes due in 2024, 2025, 2026, 2027, 2028, 2029, 2031, and 2033, with interest rates ranging from 0.125% to 3.375%. This indicates a routine disclosure of the company's outstanding debt instruments and their maturity profiles.

Why It Matters

This filing provides transparency into Philip Morris International's debt structure, which is crucial for investors to assess the company's financial health and future obligations.

Risk Assessment

Risk Level: low — The filing is a routine disclosure of existing debt instruments and does not indicate any new, material financial events or risks.

Key Numbers

Key Players & Entities

FAQ

What is the purpose of this 8-K filing by Philip Morris International Inc.?

The 8-K filing by Philip Morris International Inc. on February 21, 2024, is primarily for Regulation FD Disclosure and Financial Statements and Exhibits, detailing various outstanding debt notes and their maturity profiles.

What are the earliest and latest maturity dates for the notes disclosed in the filing?

The earliest maturity date for the notes disclosed is 2024, and the latest maturity date is 2033.

What is the range of interest rates for the notes mentioned in the filing?

The interest rates for the notes mentioned in the filing range from 0.125% (for notes due 2026) to 3.375% (for notes due 2025 and 2029).

Which specific notes are due in 2024 according to the filing?

Notes due in 2024 include those with interest rates of 2.875% (two separate entries), 0.625%, and 3.250%.

What is the Standard Industrial Classification (SIC) for Philip Morris International Inc.?

Philip Morris International Inc.'s Standard Industrial Classification (SIC) is CIGARETTES [2111].

Filing Stats: 847 words · 3 min read · ~3 pages · Grade level 7.4 · Accepted 2024-02-21 10:01:57

Filing Documents

01

Item 7.01. Regulation FD Disclosure. On February 21, 2024, Philip Morris International Inc. ("PMI") hosts a live audio webcast at the Consumer Analyst Group of New York Conference where PMI's Chief Executive Officer, Jacek Olczak, and Chief Financial Officer, Emmanuel Babeau, will address investors. In connection with the presentation, PMI is furnishing to the Securities and Exchange Commission the following documents attached as exhibits to this Current Report on Form 8-K and incorporated by reference to this Item 7.01: (i) the press release, dated February 21, 2024, attached as Exhibit 99.1 hereto; and (ii) the presentation slides, dated February 21, 2024, attached as Exhibit 99.2 hereto. In accordance with General Instruction B.2 of Form 8-K, the information in Item 7.01 of this Current Report on Form 8-K, including Exhibits 99.1 and 99.2, shall not be deemed "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section. The information in Item 7.01 of this Current Report on Form 8-K shall not be incorporated by reference into any filing or other document pursuant to the Securities Act of 1933, as amended, except as may be expressly set forth by specific reference in such filing or document.

Financial Statements and Exhibits

Financial Statements and Exhibits. (d) Exhibits. 99.1 Philip Morris International Inc. Press Release, dated February 21, 2024 (furnished pursuant to Item 7.01). 99.2 Presentation Slides, dated February 21, 2024 (furnished pursuant to Item 7.01). 104 Cover Page Interactive Data File (the cover page XBRL tags are embedded within the Inline XBRL document and contained in Exhibit 101).

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. PHILIP MORRIS INTERNATIONAL INC. By: /s/ DARLENE QUASHIE HENRY Name: Darlene Quashie Henry Title: Vice President, Associate General Counsel & Corporate Secretary Date: February 21, 2024

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