Philip Morris International Issues New Notes

Ticker: PM · Form: 8-K · Filed: 2024-06-17T00:00:00.000Z

Sentiment: neutral

Topics: debt-issuance, financing, notes

TL;DR

PM announces new debt offerings with rates from 0.125% to 3.750% due between 2024-2036.

AI Summary

Philip Morris International Inc. filed an 8-K on June 17, 2024, to report on the issuance of various series of notes due between 2024 and 2036. These notes have coupon rates ranging from 0.125% to 3.750%. The filing also includes financial statements and exhibits related to these debt issuances.

Why It Matters

This filing indicates Philip Morris International is raising capital through debt issuance, which could impact its financial leverage and future investment plans.

Risk Assessment

Risk Level: low — The filing is a routine debt issuance announcement and does not contain negative news or significant operational changes.

Key Numbers

0.125% — Lowest Coupon Rate (Represents the lowest interest rate on the newly issued notes.)
3.750% — Highest Coupon Rate (Represents the highest interest rate on the newly issued notes.)
2024-2036 — Note Maturities (Indicates the range of years for which the company has issued debt.)

Key Players & Entities

Philip Morris International Inc. (company) — Filer of the 8-K
0.625% (dollar_amount) — Coupon rate for notes due 2024
3.750% (dollar_amount) — Coupon rate for notes due 2031
2024 (date) — Maturity year for some notes
2036 (date) — Maturity year for some notes

FAQ

What is the total principal amount of the notes issued?

The filing does not specify the total principal amount of the notes issued, only the coupon rates and maturity dates.

What is the purpose of issuing these new notes?

The filing does not explicitly state the purpose of the note issuance, but it is common for such issuances to fund operations, acquisitions, or refinance existing debt.

Are these notes senior or subordinated debt?

The filing does not specify the seniority of the notes.

What are the specific maturity dates for each series of notes?

The filing lists maturity years such as 2024, 2025, 2026, 2027, 2028, 2029, 2031, 2033, and 2036, but not the exact dates within those years.

Does this filing relate to any recent acquisitions or divestitures by Philip Morris International?

This filing is specifically about the issuance of debt notes and does not mention any acquisitions or divestitures.

From the Filing

0001413329-24-000131.txt : 20240617 0001413329-24-000131.hdr.sgml : 20240617 20240617171613 ACCESSION NUMBER: 0001413329-24-000131 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 16 CONFORMED PERIOD OF REPORT: 20240617 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20240617 DATE AS OF CHANGE: 20240617 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: 241049273 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-20240617.htm 8-K pm-20240617 0001413329 false 0001413329 2024-06-17 2024-06-17 0001413329 us-gaap:CommonStockMember 2024-06-17 2024-06-17 0001413329 pm:A0.625Notesdue2024Member 2024-06-17 2024-06-17 0001413329 pm:A3.250Notesdue2024Member 2024-06-17 2024-06-17 0001413329 pm:A2.750Notesdue2025Member 2024-06-17 2024-06-17 0001413329 pm:A3.375Notesdue2025Member 2024-06-17 2024-06-17 0001413329 pm:A2.750Notesdue2026Member 2024-06-17 2024-06-17 0001413329 pm:A2.875Notesdue2026Member 2024-06-17 2024-06-17 0001413329 pm:A0.125Notesdue2026Member 2024-06-17 2024-06-17 0001413329 pm:A3.125Notesdue2027Member 2024-06-17 2024-06-17 0001413329 pm:A3.125Notesdue2028Member 2024-06-17 2024-06-17 0001413329 pm:A2.875Notesdue2029Member 2024-06-17 2024-06-17 0001413329 pm:A3.375Notesdue2029Member 2024-06-17 2024-06-17 0001413329 pm:A3.750NotesDue2031Member 2024-06-17 2024-06-17 0001413329 pm:A0.800Notesdue2031Member 2024-06-17 2024-06-17 0001413329 pm:A3.125Notesdue2033Member 2024-06-17 2024-06-17 0001413329 pm:A2.000Notesdue2036Member 2024-06-17 2024-06-17 0001413329 pm:A1.875Notesdue2037Member 2024-06-17 2024-06-17 0001413329 pm:A6.375Notesdue2038Member 2024-06-17 2024-06-17 0001413329 pm:A1.450Notesdue2039Member 2024-06-17 2024-06-17 0001413329 pm:A4.375Notesdue2041Member 2024-06-17 2024-06-17 0001413329 pm:A4.500Notesdue2042Member 2024-06-17 2024-06-17 0001413329 pm:A3.875Notesdue2042Member 2024-06-17 2024-06-17 0001413329 pm:A4.125Notesdue2043Member 2024-06-17 2024-06-17 0001413329 pm:A4.875Notesdue2043Member 2024-06-17 2024-06-17 0001413329 pm:A4.250Notesdue2044Member 2024-06-17 2024-06-17 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 17, 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 Common Stock