Simpson Thacher represented the underwriters in connection with a registered public offering by Philip Morris International Inc. of $2.45 billion of its Notes, consisting of $450 million of its 4.875% Notes due 2026, $550 million of its 4.875% Notes due 2028, $700 million of its 5.125% Notes due 2030 and $750 million of its 5.375% Notes due 2033. The offering closed on May 1, 2023.
Philip Morris International is leading a transformation in the tobacco industry to create a smoke-free future and ultimately replace cigarettes with smoke-free products to the benefit of adults who would otherwise continue to smoke, society, the company and its shareholders.
The Simpson Thacher team for the transaction included Roxane Reardon, Rachel Lerman and Samuel Boissard (Capital Markets); Jonathan Cantor and Kris Liu (Tax); Jamin Koslowe (Executive Compensation and Employee Benefits); Vanessa Burrows (Healthcare); Michael Isby (Environmental); Jessica Cohen and Kate Mirino (Intellectual Property); and Jennie Getsin (FINRA and Blue Sky).