Philip Morris International (PMI) prepaid €1.0 billion (approximately $1.1 billion) of the principal and accrued interest on its senior unsecured term loan facility. This payment significantly reduces the outstanding borrowings under the facility's 5-year tranche.
Key Details
- Prepayment Amount: €1.0 billion (approx. $1.1 billion) was paid on June 29, 2026.
- Affected Debt: The payment was applied to the 5-year tranche of PMI's senior unsecured term loan facility, originally dated June 23, 2022.
- Remaining Balance: Following the prepayment, €1.5 billion (approx. $1.7 billion) remains outstanding on this tranche, which is set to expire on June 23, 2027.