The Firm represented the underwriters, led by Credit Suisse, Deutsche Bank Securities, J.P. Morgan and RBS, as joint book-running managers, in connection with an offering by Philip Morris International Inc. of $750 million of 1.125% Notes due 2017, $750 million of 2.500% Notes due 2022 and $750 million of 3.875% Notes due 2042. The notes were sold in a public offering and will be listed for trading on the New York Stock Exchange.
Philip Morris International Inc.’s subsidiaries and affiliates and their licensees are engaged in the manufacture and sale of cigarettes and other tobacco products in markets outside of the United States of America. Philip Morris International Inc.’s products are sold in approximately 180 countries and, in many of these countries, they hold the number one or number two market share position.
The Simpson Thacher team for the transaction included, among others, Ed Tolley, Joia Lee and Allan Chorny (Corporate), Jonathan Cantor and Danny Salinas (Tax), Jamin Koslowe and Jeannine McSweeney (Executive Compensation and Employee Benefits), Michael Isby (Environmental), Roxana Niktab (Intellectual Property) and Jennie Getsin (FINRA and Blue Sky).
