Philip Morris International extends $2.5 billion revolver to 2028

By William Gullotti

Buffalo, N.Y., Sept. 20 – Philip Morris International Inc. amended and extended its existing $2.5 billion senior revolving credit facility with Citibank Europe plc, U.K. Branch, as facility agent, and Citibank, NA as swingline agent, according to an 8-K filing with the Securities and Exchange Commission.

The amendment and extension agreement, signed Sept. 20 with a Sept. 29 effective date, extends the maturity date by one year to Sept. 29, 2028.

The agreement also includes commitments in the amount of $2.34 billion during the extension period, and the company can increase or obtain additional commitments under the credit agreement during the extension period, provided that the total does not exceed $2.5 billion.

The cigarette and tobacco company is based in New York.

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