Philip Morris International Lists Debt Instruments in 8-K

TL;DR

PM lists a bunch of its notes due in various years, nothing new financially.

AI Summary

Philip Morris International Inc. filed an 8-K on June 6, 2024, to report other events and financial statements. The filing primarily lists various debt instruments, including notes with different interest rates and maturity dates, such as 0.625% notes due 2024 and 3.125% notes due 2033. This filing does not appear to contain new material financial results or significant corporate actions beyond the listing of these debt obligations.

Why It Matters

This filing provides transparency on Philip Morris International's outstanding debt obligations, which can be a factor for investors assessing the company's financial structure and leverage.

Risk Assessment

Risk Level: low — The filing is primarily informational, detailing existing debt instruments rather than announcing new risks or significant financial changes.

Key Players & Entities

• Philip Morris International Inc. (company) — Filer of the 8-K
• 0.625% notes due 2024 (dollar_amount) — Debt instrument listed
• 3.125% notes due 2033 (dollar_amount) — Debt instrument listed
• 20240606 (date) — Filing date

FAQ

Filing Documents

• tm2415908d5_8k.htm (8-K) — 79KB
• tm2415908d5_ex1-2.htm (EX-1.2) — 113KB
• tm2415908d5_ex4-1.htm (EX-4.1) — 45KB
• tm2415908d5_ex5-1.htm (EX-5.1) — 43KB
• tm2415908d5_ex5-1img001.jpg (GRAPHIC) — 13KB
• 0001104659-24-069077.txt ( ) — 678KB
• pm-20240603.xsd (EX-101.SCH) — 8KB
• pm-20240603_def.xml (EX-101.DEF) — 34KB
• pm-20240603_lab.xml (EX-101.LAB) — 48KB
• pm-20240603_pre.xml (EX-101.PRE) — 33KB
• tm2415908d5_8k_htm.xml (XML) — 27KB

01. Other Events

Item 8.01. Other Events. On June 6, 2024, Philip Morris International Inc. ("PMI") issued 500,000,000 aggregate principal amount of its 3.750% Notes due 2031 (the "Notes"). The Notes were issued pursuant to an Indenture dated as of April 25, 2008, by and between PMI and HSBC Bank USA, National Association, as trustee. In connection with the issuance of the Notes, on June 3, 2024, PMI entered into a Terms Agreement (the "Terms Agreement") with the underwriters named therein (the "Underwriters"), pursuant to which PMI agreed to issue and sell the Notes to the Underwriters. The provisions of an Underwriting Agreement, dated as of April 25, 2008 (the "Underwriting Agreement"), are incorporated by reference in the Terms Agreement. PMI has filed with the Securities and Exchange Commission a Prospectus dated February 10, 2023 and a Prospectus Supplement (the "Prospectus Supplement") dated June 3, 2024 (Registration No. 333-269690) in connection with the public offering of the Notes. PMI intends to add the net proceeds of the offering to its general funds, which may be used for general corporate purposes, to repay outstanding commercial paper, or to meet its working capital requirements. The Notes are subject to certain customary covenants, including limitations on PMI's ability, with significant exceptions, to incur debt secured by liens and engage in sale/leaseback transactions. PMI may redeem the Notes, in whole or in part, at the redemption prices described in the Prospectus Supplement, plus accrued and unpaid interest thereon to, but excluding, the applicable redemption date. PMI may also redeem all, but not part, of the Notes upon the occurrence of specified tax events as described in the Prospectus Supplement. Interest on the Notes is payable annually in arrears on January 15 of each year, commencing January 15, 2025, to holders of record on the preceding December 31. The Notes will mature on January 15, 2031. The Notes will be PMI's senior unsecured obligati

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits. (d) Exhibits . Exhibit Number Description 1.1

Underwriting

Underwriting Agreement, dated as of April 25, 2008 (incorporated by reference to Exhibit 1.1 of PMI's Registration Statement on Form S-3 (No. 333-150449)) 1.2 Terms Agreement, dated June 3, 2024, among PMI and the underwriters named therein 4.1 Form of 3.750% Notes due 2031 5.1 Opinion of Hunton Andrews Kurth LLP 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 and Corporate Secretary DATE: June 6, 2024

View Full Filing

View this 8-K filing on SEC EDGAR