November 22, 2024 09:37 GMT
CONSUMER CYCLICALS: Phillip Morris; confirms refi done for '25 TL
CONSUMER CYCLICALS
(PM; A2/ A-/A Neg)
Confirms recent $ 4-part issuance refi's in full the €3b/2025 term loan. It leaves a single March €750m line and $2.25b in $s due next year.
The other TL it took out for Swedish Match acquisition was €2.5b and is coming due in 2027.
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