Philip Morris to redeem $1.7B 4.875% notes due 2026
Philip Morris International Inc. (PM) has announced that it will redeem all of its outstanding 4.875% Notes due February 13, 2026 on December 4, 2025.
Rhea-AI Filing Summary
Philip Morris International Inc. (PM) has announced that it will redeem all of its outstanding 4.875% Notes due February 13, 2026 on December 4, 2025. As of November 17, 2025, these Notes had an aggregate principal amount of $1,700,000,000 outstanding. On the redemption date, PMI will pay holders a price equal to the greater of 100% of the principal amount or the sum of the present values of the remaining scheduled principal and interest payments as if the Notes matured on February 13, 2026, discounted at the applicable treasury rate plus 15 basis points, in each case plus accrued and unpaid interest to, but excluding, the redemption date. A formal notice of redemption has been delivered to registered holders by the trustee, HSBC Bank USA, National Association.
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8-K Event Classification
FAQ
What did Philip Morris International (PM) announce in this Form 8-K?
Philip Morris International announced that it will redeem all of its outstanding 4.875% Notes due February 13, 2026 on December 4, 2025.
How much of Philip Morris International's 4.875% Notes due 2026 are outstanding?
As of November 17, 2025, the outstanding aggregate principal amount of the 4.875% Notes due February 13, 2026 was $1,700,000,000.
What redemption price will Philip Morris International pay for the 4.875% Notes due 2026?
On the redemption date, PMI will pay the greater of 100% of the principal amount of the Notes being redeemed or the sum of the present values of the remaining scheduled principal and interest payments as if the Notes matured on February 13, 2026, discounted at the applicable treasury rate plus 15 basis points, plus accrued and unpaid interest to, but excluding, the redemption date.
When is the redemption date for Philip Morris International's 4.875% Notes due 2026?
The redemption date for the 4.875% Notes due February 13, 2026 is December 4, 2025.
What are the CUSIP and ISIN identifiers for Philip Morris International's 4.875% Notes due 2026?
The 4.875% Notes due February 13, 2026 have been assigned CUSIP No. 718172 CY3 and ISIN No. US718172CY31.
Does this Form 8-K itself serve as the official notice of redemption for the Notes?
No. The Form 8-K states that the information it contains does not constitute a notice of redemption. Holders should refer to the notice of redemption delivered by HSBC Bank USA, National Association, the trustee for the Notes.
Which trustee is handling the redemption of Philip Morris International's 4.875% Notes due 2026?
The trustee handling the redemption of the 4.875% Notes due February 13, 2026 is HSBC Bank USA, National Association, which delivered the notice of redemption to registered holders.
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