[25-NSE] Philip Morris International Inc. SEC Filing
Philip Morris International Inc.'s class of debt described as the 3.375% Notes due 2025 is being removed from listing and/or registration on the New York Stock Exchange. The Exchange certifies that it has complied with the procedures in 17 CFR 240.12d2-2(b) and the filing also states the issuer has complied with 17 CFR 240.12d2-2(c) for voluntary withdrawal where applicable. The filing further notes that the Form 25 and attached Notice will be treated as compliance with 17 CFR 240.19d-1. The document lists the issuer's principal office and a contact telephone number and is signed by an Exchange representative.
- Exchange certification of compliance with 17 CFR 240.12d2-2(b) is stated in the filing
- Issuer compliance with 17 CFR 240.12d2-2(c) (voluntary withdrawal procedures) is documented
- Form 25 and attached Notice are treated as satisfying 17 CFR 240.19d-1
- The class of securities being removed is the 3.375% Notes due 2025, which will be struck from NYSE listing and/or registration
Insights
TL;DR: NYSE is removing Philip Morris's 3.375% Notes due 2025 from listing; the filing records Exchange and issuer compliance with SEC delisting rules.
The Form 25 notifies investors that a specific bond class, the 3.375% Notes due 2025, will be struck from listing on the New York Stock Exchange. The filing explicitly references compliance with 17 CFR 240.12d2-2(b) and 17 CFR 240.12d2-2(c), and states that the Form 25 and attached Notice satisfy 17 CFR 240.19d-1. There are no financial results, valuation metrics, or reasons for the removal provided in the document. From a market-impact perspective, the disclosure is procedural and limited in scope to a single debt class.
TL;DR: The filing documents a delisting action for a specific security and affirms procedural compliance by both the Exchange and the issuer.
The Form 25 records that the Exchange has certified its adherence to the applicable delisting procedures and that the issuer has met the Exchange's requirements for voluntary withdrawal where relevant. The notice also clarifies that the Form 25 and its attached Notice meet the compliance requirements of 17 CFR 240.19d-1. The filing is narrowly focused on listing status and procedural compliance; it contains no operational or financial disclosures about the issuer beyond contact information.