Loan & DebtJun 29, 2026, 04:12 PM
Philip Morris International Prepays €1.0B of Term Loan
AI Summary
Philip Morris International Inc. announced the prepayment of €1.0 billion, equivalent to approximately $1.1 billion, of its senior unsecured term loan facility. This prepayment included both outstanding principal and accrued interest. Following this transaction, €1.5 billion, or about $1.7 billion, remains outstanding on the 5-year tranche of the facility, which is set to expire on June 23, 2027.
Key Highlights
- Philip Morris International prepaid €1.0 billion (approximately $1.1 billion) of its term loan.
- The prepayment included a portion of the outstanding principal and accrued interest.
- The loan is part of a senior unsecured term loan facility dated June 23, 2022.
- Borrowings of €1.5 billion (approximately $1.7 billion) remain outstanding.
- The remaining 5-year tranche of the facility expires on June 23, 2027.
Price Impact
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