Philip Morris Extends Revolving Credit Facilities
The Firm represented Citibank Europe plc, U.K. Branch in connection with Philip Morris International Inc.’s (“PMI”) simultaneous amendment and extension of its $2 billion 364-day Revolving Credit Facility and its $2 billion 5-year Revolving Credit Facility (including a $600 million swingline option).
PMI is a leading international tobacco company engaged in the manufacture and sale of cigarettes, smoke-free products and other nicotine-containing products.
The Simpson Thacher team included Bill Sheehan and Chris Zheng (Banking and Credit).