Philip Morris International’s $1.65 Billion Debt Offering

Simpson Thacher represented the joint bookrunning managers, in connection with a registered public offering by Philip Morris International Inc. of $1.65 billion of its Notes, consistent of $900 million of its 2.875% Notes due 2024 and $750 million of its 3.375% Notes due 2029.

Citigroup Global Markets Inc., Goldman Sachs & Co. LLC, HSBC Securities (USA) Inc., Mizuho Securities USA LLC, BBVA Securities Inc., J.P. Morgan Securities LLC, SMBC Nikko Securities America, Inc. and SG Americas Securities, LLC, Inc. acted as underwriters in the deal.

PMI is a leading international tobacco company engaged in the manufacture and sale of cigarettes, smoke-free products and associated electronic devices and accessories, and other nicotine-containing products in markets outside the U.S.

The Simpson Thacher team for the transaction included Roxane Reardon (Picture), Jessica Asrat and Richard Ragusa (Capital Markets); Jonathan Cantor and Jessica Levy (Tax); Jamin Koslowe (Executive Compensation and Employee Benefits); Michael Isby (Environmental); Marissa Lambert (Intellectual Property); and Jennie Getsin (FINRA and Blue Sky).

Involved fees earner: Jessica Asrat – Simpson Thacher & Bartlett; Jonathan Cantor – Simpson Thacher & Bartlett; Jennie Getsin – Simpson Thacher & Bartlett; Michael Isby – Simpson Thacher & Bartlett; Jamin Koslowe – Simpson Thacher & Bartlett; Marissa Lambert – Simpson Thacher & Bartlett; Jessica Levy – Simpson Thacher & Bartlett; Richard Ragusa – Simpson Thacher & Bartlett; Roxane Reardon – Simpson Thacher & Bartlett;

Law Firms: Simpson Thacher & Bartlett;

Clients: BBVA Securities Inc.; Citigroup Global Markets Ltd; Goldman Sachs & Co.; HSBC Securities; J.P. Morgan Securities LLC; Mizuho Securities; SG Americas Securities LLC; SMBC Nikko Securities America;

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Author: Ambrogio Visconti