The Firm represented the underwriters in connection with a registered public offering by Philip Morris International Inc. of $2.35 billion of its Notes, consisting of $650 million of its 5.25% Notes due 2028, $700 million of its 5.5% Notes due 2030 and $1 billion of its 5.625% Notes due 2033. The offering closed on September 7, 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 Michael Kang (Capital Markets); Jonathan Cantor and Kris Liu (Tax); Jamin Koslowe and Andrew M. Kofsky (Executive Compensation and Employee Benefits); Vanessa Burrows and Nawa Lodin (Healthcare); Kate Mirino (Intellectual Property); and Jennie Getsin (Blue Sky).