Item 8.01. Other Events.

On May 1, 2020, Philip Morris International Inc. ("PMI") issued US$750,000,000 aggregate principal amount of its 1.125% Notes due 2023 (the "2023 Notes"), US$750,000,000 aggregate principal amount of its 1.500% Notes due 2025 (the "2025 Notes") and US$750,000,000 aggregate principal amount of its 2.100% Notes due 2030 (the "2030 Notes" and, together with the 2023 Notes and the 2025 Notes, the "Notes"). The Notes were issued pursuant to an Indenture dated as of April 25, 2008, by and between PMI and HSBC Bank USA, National Association, as trustee.

In connection with the issuance of the Notes, on April 29, 2020 PMI entered into a Terms Agreement (the "Terms Agreement") with Banca IMI S.p.A., BBVA Securities Inc., Citigroup Global Markets Inc., Deutsche Bank Securities Inc., Goldman Sachs & Co. LLC, Mizuho Securities USA LLC and SMBC Nikko Securities America, Inc., as representatives of the several underwriters named therein (the "Underwriters"), pursuant to which PMI agreed to issue and sell the Notes to the Underwriters. The provisions of an Underwriting Agreement, dated as of April 25, 2008 (the "Underwriting Agreement"), are incorporated by reference in the Terms Agreement.

PMI has filed with the Securities and Exchange Commission a Prospectus dated February 11, 2020 and a Prospectus Supplement (the "Prospectus Supplement") dated April 29, 2020 (Registration No. 333-236366) in connection with the public offering of the Notes.

The Notes are subject to certain customary covenants, including limitations on PMI's ability, with significant exceptions, to incur debt secured by liens and engage in sale/leaseback transactions. PMI may redeem the Notes, in whole or in part, at the applicable redemption prices described in the Prospectus Supplement, plus accrued and unpaid interest thereon to, but excluding, the applicable redemption date. PMI may also redeem all, but not part, of the Notes of each series upon the occurrence of specified tax events as described in the Prospectus Supplement.

Interest on the 2023 Notes is payable from May 1, 2020 semiannually in arrears on May 1 and November 1, commencing November 1, 2020, to holders of record on the preceding April 15 and October 15, as the case may be. Interest on the 2025 Notes is payable from May 1, 2020 semiannually in arrears on May 1 and November 1, commencing November 1, 2020, to holders of record on the preceding April 15 and October 15, as the case may be. Interest on the 2030 Notes is payable from May 1, 2020 semiannually in arrears on May 1 and November 1, commencing November 1, 2020, to holders of record on the preceding April 15 and October 15, as the case may be.

The 2023 Notes will mature on May 1, 2023, the 2025 Notes will mature on May 1, 2025 and the 2030 Notes will mature on May 1, 2030.

The Notes will be PMI's senior unsecured obligations and will rank equally in right of payment with all of its existing and future senior unsecured indebtedness.

For a complete description of the terms and conditions of the Underwriting Agreement, the Terms Agreement and the Notes, please refer to such agreements and the form of Notes, each of which is incorporated herein by reference and is an exhibit to this report as Exhibits 1.1, 1.2, 4.1, 4.2 and 4.3, respectively.

Certain of the Underwriters 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 of the Underwriters and their respective affiliates are lenders under PMI's credit facilities. PMI and some of its subsidiaries may enter into foreign exchange and other derivative arrangements with certain of the Underwriters or their respective affiliates. In addition, certain of the Underwriters or their respective affiliates act as dealers in connection with PMI's commercial paper programs.



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Item 9.01. Financial Statements and Exhibits.




(d) Exhibits.


 Exhibit
 Number          Description

   1.1             Underwriting Agreement, dated as of April 25, 2008 (incorporated
                 by reference to Exhibit 1.1 of PMI's Registration Statement on Form
                 S-3 (No. 333-150449))

   1.2             Terms Agreement, dated April 29, 2020, among PMI and Banca IMI
                 S.p.A., BBVA Securities Inc., Citigroup Global Markets Inc.,
                 Deutsche Bank Securities Inc., Goldman Sachs & Co. LLC, Mizuho
                 Securities USA LLC and SMBC Nikko Securities America, Inc., as
                 representatives of the several underwriters

   4.1             Form of 1.125% Notes due 2023

   4.2             Form of 1.500% Notes due 2025

   4.3             Form of 2.100% Notes due 2030

   5.1             Opinion of Hunton Andrews Kurth LLP

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


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