Simpson Thatcher Represents Underwriters in $1 Billion Notes Offering by Altria Group, Inc.

The Firm represented the underwriters, led by Barclays, Deutsche Bank Securities and Morgan Stanley, in connection with a public offering by Altria Group, Inc. of $1 billion aggregate principal amount of its 2.625% Notes due 2020, guaranteed by Philip Morris USA Inc. The offering closed on November 14, 2014.

Altria intends to use the net proceeds from the issuance of the notes for general corporate purposes.

Altria is the parent company of Philip Morris USA Inc. and John Middleton Co. Altria also owns, among other companies, U.S. Smokeless Tobacco Company LLC, Ste. Michelle Wine Estates Ltd. and Nu Mark LLC, and has a continuing economic and voting interest in SABMiller plc. The brand portfolios of Altria’s tobacco operating companies include Marlboro, Black & Mild, Copenhagen, Skoal, MarkTen and Green Smoke.

The Simpson Thacher team included Edward P. Tolley III, Teresa Chen, Lowell Battles and Grady Chang (Capital Markets); Michael Isby (Environmental); Jonathan Cantor and Jodi Sackel (Tax); Jeannine McSweeney (Executive Compensation and Employee Benefits); Marcela Robledo and Michelle Morad (Intellectual Property); and Jennie Getsin (Blue Sky).

Source:  www.stblaw.com