Philip Morris International Notes Exchange Offer Expires

Ticker: PM · Form: 8-K · Filed: 2024-06-07T00:00:00.000Z

Sentiment: neutral

Topics: debt-exchange, filing-update

TL;DR

PM's debt exchange offer is over, details on what was swapped still pending.

AI Summary

Philip Morris International Inc. filed an 8-K on June 7, 2024, to report on the expiration of its previously announced offer to exchange its existing notes for new notes. The exchange offer, which commenced on May 23, 2024, expired at 5:00 P.M., New York City time, on June 6, 2024. The company did not announce the aggregate principal amount of notes validly tendered and accepted for exchange.

Why It Matters

This filing indicates the conclusion of a debt exchange offer, which could impact the company's capital structure and future financing costs.

Risk Assessment

Risk Level: low — The filing is a routine disclosure regarding the expiration of a debt exchange offer and does not contain new material financial information or strategic changes.

Key Players & Entities

Philip Morris International Inc. (company) — Filer of the 8-K
June 7, 2024 (date) — Filing date of the 8-K
May 23, 2024 (date) — Commencement date of the exchange offer
June 6, 2024 (date) — Expiration date of the exchange offer

FAQ

What was the aggregate principal amount of notes validly tendered and accepted for exchange?

The filing states that the company did not announce the aggregate principal amount of notes validly tendered and accepted for exchange.

When did Philip Morris International's notes exchange offer commence?

The exchange offer commenced on May 23, 2024.

When did the notes exchange offer expire?

The exchange offer expired at 5:00 P.M., New York City time, on June 6, 2024.

What is the purpose of this 8-K filing?

This 8-K filing is to report on the expiration of the company's previously announced offer to exchange its existing notes for new notes.

Does the filing specify the terms of the new notes being offered?

No, this specific filing focuses on the expiration of the offer and does not detail the terms of the new notes.

From the Filing

0001413329-24-000128.txt : 20240607 0001413329-24-000128.hdr.sgml : 20240607 20240607070338 ACCESSION NUMBER: 0001413329-24-000128 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 16 CONFORMED PERIOD OF REPORT: 20240607 ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20240607 DATE AS OF CHANGE: 20240607 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Philip Morris International Inc. CENTRAL INDEX KEY: 0001413329 STANDARD INDUSTRIAL CLASSIFICATION: CIGARETTES [2111] ORGANIZATION NAME: 04 Manufacturing IRS NUMBER: 133435103 STATE OF INCORPORATION: VA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-33708 FILM NUMBER: 241027262 BUSINESS ADDRESS: STREET 1: 677 WASHINGTON BLVD, STE. 1100 CITY: STAMFORD STATE: CT ZIP: 06901 BUSINESS PHONE: 203-905-2410 MAIL ADDRESS: STREET 1: 677 WASHINGTON BLVD, STE. 1100 CITY: STAMFORD STATE: CT ZIP: 06901 8-K 1 pm-20240607.htm 8-K pm-20240607 0001413329 false 0001413329 2024-06-07 2024-06-07 0001413329 us-gaap:CommonStockMember 2024-06-07 2024-06-07 0001413329 pm:A0.625Notesdue2024Member 2024-06-07 2024-06-07 0001413329 pm:A3.250Notesdue2024Member 2024-06-07 2024-06-07 0001413329 pm:A2.750Notesdue2025Member 2024-06-07 2024-06-07 0001413329 pm:A3.375Notesdue2025Member 2024-06-07 2024-06-07 0001413329 pm:A2.750Notesdue2026Member 2024-06-07 2024-06-07 0001413329 pm:A2.875Notesdue2026Member 2024-06-07 2024-06-07 0001413329 pm:A0.125Notesdue2026Member 2024-06-07 2024-06-07 0001413329 pm:A3.125Notesdue2027Member 2024-06-07 2024-06-07 0001413329 pm:A3.125Notesdue2028Member 2024-06-07 2024-06-07 0001413329 pm:A2.875Notesdue2029Member 2024-06-07 2024-06-07 0001413329 pm:A3.375Notesdue2029Member 2024-06-07 2024-06-07 0001413329 pm:A3.750NotesDue2031Member 2024-06-07 2024-06-07 0001413329 pm:A0.800Notesdue2031Member 2024-06-07 2024-06-07 0001413329 pm:A3.125Notesdue2033Member 2024-06-07 2024-06-07 0001413329 pm:A2.000Notesdue2036Member 2024-06-07 2024-06-07 0001413329 pm:A1.875Notesdue2037Member 2024-06-07 2024-06-07 0001413329 pm:A6.375Notesdue2038Member 2024-06-07 2024-06-07 0001413329 pm:A1.450Notesdue2039Member 2024-06-07 2024-06-07 0001413329 pm:A4.375Notesdue2041Member 2024-06-07 2024-06-07 0001413329 pm:A4.500Notesdue2042Member 2024-06-07 2024-06-07 0001413329 pm:A3.875Notesdue2042Member 2024-06-07 2024-06-07 0001413329 pm:A4.125Notesdue2043Member 2024-06-07 2024-06-07 0001413329 pm:A4.875Notesdue2043Member 2024-06-07 2024-06-07 0001413329 pm:A4.250Notesdue2044Member 2024-06-07 2024-06-07 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): June 7, 2024 Philip Morris International Inc. (Exact name of registrant as specified in its charter) Virginia 1-33708 13-3435103 (State or other jurisdiction of incorporation) (Commission File Number) (I.R.S. Employer Identification No.) 677 Washington Blvd, Ste. 1100 Stamford Connecticut 06901 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: ( 203 )  905-2410 (Former name or former address, if changed since last report.) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol(s) Name of each exchange on which registered C