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Philip Morris International Inc. – ‘8-K’ for 9/20/22

On:  Friday, 9/23/22, at 8:27am ET   ·   For:  9/20/22   ·   Accession #:  1413329-22-95   ·   File #:  1-33708

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  As Of               Filer                 Filing    For·On·As Docs:Size

 9/23/22  Philip Morris International Inc.  8-K:1,2,9   9/20/22   12:1.2M

Current Report   —   Form 8-K

Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 8-K         Current Report                                      HTML    127K 
 2: EX-10.1     Material Contract                                   HTML    650K 
 7: R1          Document and Entity Information                     HTML    120K 
10: XML         IDEA XML File -- Filing Summary                      XML     12K 
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 9: EXCEL       IDEA Workbook of Financial Reports                  XLSX     10K 
 4: EX-101.DEF  XBRL Definitions -- pm-20220920_def                  XML     71K 
 5: EX-101.LAB  XBRL Labels -- pm-20220920_lab                       XML    180K 
 6: EX-101.PRE  XBRL Presentations -- pm-20220920_pre                XML     74K 
 3: EX-101.SCH  XBRL Schema -- pm-20220920                           XSD     29K 
11: JSON        XBRL Instance as JSON Data -- MetaLinks               23±    31K 
12: ZIP         XBRL Zipped Folder -- 0001413329-22-000095-xbrl      Zip    140K 


‘8-K’   —   Current Report


This is an HTML Document rendered as filed.  [ Alternative Formats ]



 iX:   C:  C: 
  pm-20220920  
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549



FORM  i 8-K



CURRENT REPORT
Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):  i September 20, 2022



 i Philip Morris International Inc.
(Exact name of registrant as specified in its charter)

 i Virginia
 i 1-33708
 i 13-3435103
(State or other jurisdiction
of incorporation)
(Commission File Number)
(I.R.S. Employer
Identification No.)

 i 120 Park Avenue i New York i New York i 10017-5592
(Address of principal executive offices)(Zip Code)


Registrant's telephone number, including area code: ( i 917 i 663-2000
(Former name or former address, if changed since last report.)



Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:




 i Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 i Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 i Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 i Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))




Securities registered pursuant to Section 12(b) of the Act:

Title of each class                    Trading Symbol(s)Name of each exchange on which registered
 i Common Stock, no par value i PM i New York Stock Exchange
 i 2.500% Notes due 2022 i PM22C i New York Stock Exchange
 i 2.625% Notes due 2023 i PM23 i New York Stock Exchange
 i 2.125% Notes due 2023 i PM23B i New York Stock Exchange
 i 3.600% Notes due 2023 i PM23A i New York Stock Exchange
 i 2.875% Notes due 2024 i PM24 i New York Stock Exchange
 i 2.875% Notes due 2024 i PM24C i New York Stock Exchange
 i 0.625% Notes due 2024 i PM24B i New York Stock Exchange
 i 3.250% Notes due 2024 i PM24A i New York Stock Exchange
 i 2.750% Notes due 2025 i PM25 i New York Stock Exchange
 i 3.375% Notes due 2025 i PM25A i New York Stock Exchange
 i 2.750% Notes due 2026 i PM26A i New York Stock Exchange
 i 2.875% Notes due 2026 i PM26 i New York Stock Exchange
 i 0.125% Notes due 2026 i PM26B i New York Stock Exchange
 i 3.125% Notes due 2027 i PM27 i New York Stock Exchange
 i 3.125% Notes due 2028 i PM28 i New York Stock Exchange
 i 2.875% Notes due 2029 i PM29 i New York Stock Exchange
 i 3.375% Notes due 2029 i PM29A i New York Stock Exchange
 i 0.800% Notes due 2031 i PM31 i New York Stock Exchange
 i 3.125% Notes due 2033 i PM33 i New York Stock Exchange
 i 2.000% Notes due 2036 i PM36 i New York Stock Exchange
 i 1.875% Notes due 2037 i PM37A i New York Stock Exchange
 i 6.375% Notes due 2038 i PM38 i New York Stock Exchange
 i 1.450% Notes due 2039 i PM39 i New York Stock Exchange
 i 4.375% Notes due 2041 i PM41 i New York Stock Exchange
 i 4.500% Notes due 2042 i PM42 i New York Stock Exchange
 i 3.875% Notes due 2042 i PM42A i New York Stock Exchange
 i 4.125% Notes due 2043 i PM43 i New York Stock Exchange
 i 4.875% Notes due 2043 i PM43A i New York Stock Exchange
 i 4.250% Notes due 2044 i PM44 i New York Stock Exchange




Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
                                                
         Emerging growth company
 i 
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.





Item 1.01.
Entry into a Material Definitive Agreement.

On September 20, 2022, Philip Morris International Inc. (“PMI”) entered into an agreement, effective as of September 29, 2022 (the "Amendment and Extension Agreement”), to amend and extend the term of its existing $2.5 billion revolving credit facility, dated as of September 29, 2021 (as amended or modified from time to time, the “Credit Agreement”), with the lenders named therein, Citibank Europe PLC, UK Branch, as facility agent, and Citibank, N.A., as swingline agent. The Amendment and Extension Agreement extends the expiration date of the Credit Agreement from September 29, 2026 to September 29, 2027, pursuant to Section 2.24 of the Credit Agreement (the "Extension Period"), and amends the Credit Agreement to, among other things, replace the LIBOR-based interest rate applicable to U.S. Dollar denominated borrowings with a Secured Overnight Financing Rate ("SOFR")-based interest rate subject to certain adjustments specified in the Amendment and Extension Agreement. The Amendment and Extension Agreement includes commitments in the amount of $2.34 billion during the Extension Period and PMI has the ability to increase or obtain additional commitments under the Credit Agreement during the Extension Period, provided that total aggregate commitments shall in no event exceed $2.5 billion.

Except as set forth in the Amendment and Extension Agreement, all the other terms and conditions of the Credit Agreement remain in full force and effect.

Some of the lenders under the Credit Agreement and their respective affiliates have, from time to time, performed, and may in the future perform, various financial advisory, commercial and investment banking services for PMI, for which they received or will receive customary fees and expenses. Certain affiliates of the lenders under the Credit Agreement are underwriters of certain of PMI’s note issuances. PMI and some of its subsidiaries may enter into foreign exchange and other derivative arrangements with certain of the lenders under the Credit Agreement and their affiliates. In addition, certain of the lenders under the Credit Agreement, and their respective affiliates, act as dealers in connection with PMI’s commercial paper programs.

The description above is a summary and is qualified in its entirety by the Amendment and Extension Agreement, which is filed as Exhibit 10.1 to this report and is incorporated herein by reference. The Credit Agreement was previously filed as Exhibit 10.1 to PMI’s Current Report on Form 8-K (File No. 1-33708) filed on September 30, 2021.

Item 2.03.
Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

The information required by Item 2.03 and included under Item 1.01 of this Current Report on Form 8-K is incorporated herein by reference.


Item 9.01.
Financial Statements and Exhibits.

(d)
Exhibits.

10.1

104
Cover Page Interactive Data File (the cover page XBRL tags are embedded within the Inline XBRL document and contained in Exhibit 101)








SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

PHILIP MORRIS INTERNATIONAL INC.
By:/s/ DARLENE QUASHIE HENRY
Name:Darlene Quashie Henry
Title:Vice President, Associate General Counsel & Corporate Secretary
Date: September 23, 2022




Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘8-K’ Filing    Date    Other Filings
9/29/27
9/29/26
9/29/22
Filed on:9/23/22
For Period end:9/20/22
9/30/2110-Q,  4,  8-K
9/29/218-K
 List all Filings 


5 Subsequent Filings that Reference this Filing

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 2/08/24  Philip Morris International Inc.  10-K       12/31/23  160:26M
 2/10/23  Philip Morris International Inc.  10-K       12/31/22  150:25M
11/16/22  Philip Morris International Inc.  424B2                  2:594K                                   Donnelley … Solutions/FA
11/15/22  Philip Morris International Inc.  424B2                  1:540K                                   Donnelley … Solutions/FA
10/27/22  Philip Morris International Inc.  10-Q        9/30/22  102:15M
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