Philip Morris International plans note offering

By Sheri Kasprzak

New York, Nov. 7 - Philip Morris International Inc. is expected to come to market with a note offering, according to a 424B2 filing with the Securities and Exchange Commission. The full details of the offering were unavailable by press time Monday evening.

The notes will be offered through joint bookrunners Barclays Capital Inc., Citigroup Global Markets Inc., Goldman Sachs & Co., HSBC (USA) LLC and J.P. Morgan Securities LLC.

Proceeds from the sale will be used to meet working capital requirements, to repurchase common stock, to refinance debt or to fund general corporate needs.

Based in New York City, Philip Morris manufactures and distributes cigarettes and other tobacco products.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.