Philip Morris International Discloses Debt Issuances

Ticker: PM · Form: 8-K · Filed: 2024-09-12T00:00:00.000Z

Sentiment: neutral

Topics: debt-issuance, financing, notes

TL;DR

PM filed an 8-K detailing various note issuances due between 2024 and 2036.

AI Summary

Philip Morris International Inc. filed an 8-K on September 12, 2024, to report on various debt issuances. The filing details multiple series of notes due in different years, ranging from 2024 to 2036, with coupon rates varying from 0.125% to 3.750%. This filing primarily serves as a disclosure of these financial instruments.

Why It Matters

This filing provides transparency into Philip Morris International's debt structure and financing activities, which can impact its financial leverage and future investment capacity.

Risk Assessment

Risk Level: low — The filing is a routine disclosure of debt issuances and does not indicate any immediate operational or financial distress.

Key Players & Entities

FAQ

What is the purpose of this 8-K filing by Philip Morris International Inc.?

The 8-K filing on September 12, 2024, is primarily to report on the company's various debt issuances, including multiple series of notes with different maturity dates and coupon rates.

What is the earliest maturity date for the notes disclosed in the filing?

The filing discloses notes with maturity dates as early as 2024, specifically mentioning '0.625% Notes due 2024' and '3.250% Notes due 2024'.

What is the latest maturity date for the notes mentioned in the filing?

The latest maturity date for the notes disclosed in this filing is 2036, as indicated by '2.000% Notes due 2036'.

What is the range of coupon rates for the notes issued by Philip Morris International?

The coupon rates for the notes range from a low of 0.125% (for notes due 2026) to a high of 3.750% (for notes due 2031).

Does this filing indicate any new financial agreements or amendments to existing ones?

This filing is a disclosure of debt issuances and does not explicitly detail new financial agreements or amendments, but rather the terms of the notes themselves.

From the Filing

0001413329-24-000157.txt : 20240912 0001413329-24-000157.hdr.sgml : 20240912 20240912071503 ACCESSION NUMBER: 0001413329-24-000157 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 16 CONFORMED PERIOD OF REPORT: 20240912 ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20240912 DATE AS OF CHANGE: 20240912 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: 241293888 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-20240912.htm 8-K pm-20240912 0001413329 false 0001413329 2024-09-12 2024-09-12 0001413329 us-gaap:CommonStockMember 2024-09-12 2024-09-12 0001413329 pm:A0.625Notesdue2024Member 2024-09-12 2024-09-12 0001413329 pm:A3.250Notesdue2024Member 2024-09-12 2024-09-12 0001413329 pm:A2.750Notesdue2025Member 2024-09-12 2024-09-12 0001413329 pm:A3.375Notesdue2025Member 2024-09-12 2024-09-12 0001413329 pm:A2.750Notesdue2026Member 2024-09-12 2024-09-12 0001413329 pm:A2.875Notesdue2026Member 2024-09-12 2024-09-12 0001413329 pm:A0.125Notesdue2026Member 2024-09-12 2024-09-12 0001413329 pm:A3.125Notesdue2027Member 2024-09-12 2024-09-12 0001413329 pm:A3.125Notesdue2028Member 2024-09-12 2024-09-12 0001413329 pm:A2.875Notesdue2029Member 2024-09-12 2024-09-12 0001413329 pm:A3.375Notesdue2029Member 2024-09-12 2024-09-12 0001413329 pm:A3.750NotesDue2031Member 2024-09-12 2024-09-12 0001413329 pm:A0.800Notesdue2031Member 2024-09-12 2024-09-12 0001413329 pm:A3.125Notesdue2033Member 2024-09-12 2024-09-12 0001413329 pm:A2.000Notesdue2036Member 2024-09-12 2024-09-12 0001413329 pm:A1.875Notesdue2037Member 2024-09-12 2024-09-12 0001413329 pm:A6.375Notesdue2038Member 2024-09-12 2024-09-12 0001413329 pm:A1.450Notesdue2039Member 2024-09-12 2024-09-12 0001413329 pm:A4.375Notesdue2041Member 2024-09-12 2024-09-12 0001413329 pm:A4.500Notesdue2042Member 2024-09-12 2024-09-12 0001413329 pm:A3.875Notesdue2042Member 2024-09-12 2024-09-12 0001413329 pm:A4.125Notesdue2043Member 2024-09-12 2024-09-12 0001413329 pm:A4.875Notesdue2043Member 2024-09-12 2024-09-12 0001413329 pm:A4.250Notesdue2044Member 2024-09-12 2024-09-12 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): September 12, 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 regist

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