Philip Morris International Reports Outstanding Notes
Ticker: PM · Form: 8-K · Filed: Nov 17, 2025 · CIK: 1413329
Sentiment: neutral
Topics: debt, notes, filing
Related Tickers: PM
TL;DR
PM reports on a slew of notes due from 2026-2037, detailing interest rates and maturity dates.
AI Summary
Philip Morris International Inc. filed an 8-K on November 17, 2025, to report other events. The filing details various outstanding notes with different interest rates and maturity dates, including notes due in 2026, 2027, 2029, 2031, 2032, 2033, 2036, and 2037. Specific note series mentioned include 2.750% Due 2026, 2.875% 2026, 0.125% Due 2026, 3.125% Due 2027, 3.125% Due 2028, 2.875% Due 2029, 3.375% Due 2029, 2.750% Due 2029, 3.750% Due 2031, 0.800% Due 2031, 3.250% Due 2032, 3.125% Due 2033, 2.000% Due 2036, and 1.875% Due 2037.
Why It Matters
This filing provides transparency into Philip Morris International's debt structure and upcoming maturities, which is crucial for investors assessing the company's financial obligations and liquidity.
Risk Assessment
Risk Level: low — The filing is informational, detailing existing debt obligations without announcing new debt issuance or significant financial events.
Key Numbers
- 2026 — Note Maturity Year (Multiple note series mature in this year.)
- 2029 — Note Maturity Year (Multiple note series mature in this year.)
- 2031 — Note Maturity Year (Multiple note series mature in this year.)
- 2037 — Note Maturity Year (A note series matures in this year.)
Key Players & Entities
- Philip Morris International Inc. (company) — Filer
- 2.750% Due 2026 (dollar_amount) — Note Series
- 2.875% 2026 (dollar_amount) — Note Series
- 0.125% Due 2026 (dollar_amount) — Note Series
- 3.125% Due 2027 (dollar_amount) — Note Series
- 3.125% Due 2028 (dollar_amount) — Note Series
- 2.875% Due 2029 (dollar_amount) — Note Series
- 3.375% Due 2029 (dollar_amount) — Note Series
- 2.750% Due 2029 (dollar_amount) — Note Series
- 3.750% Due 2031 (dollar_amount) — Note Series
FAQ
What is the total principal amount of the notes being reported?
The filing does not specify the total principal amount of the notes, only the interest rates and maturity dates for various series.
Are these notes being issued or redeemed?
The filing is an 8-K reporting 'Other Events' and lists existing notes, implying they are outstanding rather than newly issued or redeemed as part of this specific filing.
What is the purpose of reporting these specific notes?
The filing serves to inform the public and investors about the company's outstanding debt obligations, including various note series with different maturity dates and interest rates.
Does this filing indicate any changes to Philip Morris International's debt covenants?
This filing does not mention any changes to debt covenants; it primarily lists outstanding note series and their terms.
What is the lowest interest rate among the reported notes?
The lowest interest rate among the reported notes is 0.125% for the notes due in 2026.
Filing Stats: 838 words · 3 min read · ~3 pages · Grade level 7.9 · Accepted 2025-11-17 16:08:08
Key Financial Figures
- $1,700,000,000 — US718172CY31. As of November 17, 2025, $1,700,000,000 aggregate principal amount of the Notes
Filing Documents
- tm2530842d1_8k.htm (8-K) — 71KB
- 0001104659-25-113182.txt ( ) — 390KB
- pm-20251117.xsd (EX-101.SCH) — 8KB
- pm-20251117_def.xml (EX-101.DEF) — 34KB
- pm-20251117_lab.xml (EX-101.LAB) — 47KB
- pm-20251117_pre.xml (EX-101.PRE) — 32KB
- tm2530842d1_8k_htm.xml (XML) — 26KB
01. Other Events
Item 8.01. Other Events. On November 17, 2025, Philip Morris International Inc. ("PMI") announced that it will redeem all of its outstanding 4.875% Notes due February 13, 2026 (the "Notes") on December 4, 2025 (the "Redemption Date"). The Notes have been assigned CUSIP No. 718172 CY3 and ISIN No. US718172CY31. As of November 17, 2025, $1,700,000,000 aggregate principal amount of the Notes were outstanding. On the Redemption Date, PMI will pay to the registered holders of the Notes a redemption price equal to the greater of (i) 100% of the principal amount of the Notes to be redeemed and (ii) the sum of the present values of each remaining scheduled payment of principal and interest that would be due if such Notes matured on February 13, 2026 (exclusive of interest accrued to the Redemption Date) discounted to the Redemption Date, on a semiannual basis (assuming a 360-day year consisting of twelve 30-day months), at a rate equal to the applicable treasury rate (as defined in the global notes representing the Notes, the forms of which PMI filed as Exhibit 4.1 to its Form 8-K filed with the U.S. Securities and Exchange Commission (the "SEC") on February 17, 2023 and Exhibit 4.1 to its Form 8-K filed with the SEC on May 1, 2023) plus 15 basis points plus, in either case, accrued and unpaid interest, if any, thereon to, but excluding, the Redemption Date. The information contained in this Current Report on Form 8-K does not constitute a notice of redemption of the Notes. Holders of the Notes should refer to the notice of redemption delivered to the registered holders of the Notes by HSBC Bank USA, National Association, the trustee with respect to the Notes.
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: November 17, 2025