Philip Morris International Reports 2024 Year-End Debt Details
Ticker: PM · Form: 8-K · Filed: Jan 2, 2025 · CIK: 1413329
Sentiment: neutral
Topics: debt, financials
TL;DR
PM reports its debt stack as of 12/31/24, showing various notes due between 2025-2039.
AI Summary
Philip Morris International Inc. filed an 8-K on January 2, 2025, reporting its financial results for the fiscal year ended December 31, 2024. The filing details various debt instruments, including notes due in 2025, 2026, 2027, 2028, 2029, 2031, 2033, 2036, 2037, 2038, and 2039, with coupon rates ranging from 0.125% to 6.375%.
Why It Matters
This filing provides investors with a detailed overview of Philip Morris International's outstanding debt obligations as of the end of 2024, crucial for assessing the company's financial leverage and risk profile.
Risk Assessment
Risk Level: low — The filing is a routine financial disclosure of existing debt and does not indicate new or unusual risks.
Key Players & Entities
- Philip Morris International Inc. (company) — Filer
- 0001413329-25-000002 (accession_number) — Filing identifier
- 20250102 (date) — Filing date
- 20241231 (date) — Fiscal year end
FAQ
What is the total principal amount of Philip Morris International's outstanding debt as of December 31, 2024?
The filing does not specify the total principal amount of outstanding debt, but lists various notes with their respective maturity dates and coupon rates.
Which debt instruments mature in 2025?
Philip Morris International has notes due in 2025 with coupon rates of 2.750% and 3.375%.
What is the highest coupon rate on the debt listed in the filing?
The highest coupon rate listed is 6.375% for notes due in 2038.
What is the earliest maturity date for the debt instruments mentioned?
The earliest maturity date for the debt instruments mentioned is 2025.
What is the company's fiscal year end date as reported in this filing?
The company's fiscal year end date is December 31, 2024.
Filing Stats: 594 words · 2 min read · ~2 pages · Grade level 7.2 · Accepted 2025-01-02 07:08:15
Filing Documents
- pm-20241231.htm (8-K) — 63KB
- 0001413329-25-000002.txt ( ) — 368KB
- pm-20241231.xsd (EX-101.SCH) — 8KB
- pm-20241231_def.xml (EX-101.DEF) — 27KB
- pm-20241231_lab.xml (EX-101.LAB) — 56KB
- pm-20241231_pre.xml (EX-101.PRE) — 29KB
- pm-20241231_htm.xml (XML) — 19KB
01. Other Events
Item 8.01. Other Events. On December 31, 2024, Philip Morris International Inc. completed the previously announced sale of its subsidiary Vectura Group Ltd. to Molex Asia Holdings Ltd. The terms of the sale are consistent with those announced on September 17, 2024.
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: January 2, 2025