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Philip Morris International grosses $993.9 million from debt offering

Philip Morris International Inc. raised gross proceeds of $993.9 million from an offering of 2.000% senior unsecured notes due Feb. 21, 2020.

The company plans to use the proceeds for general corporate purposes or working capital, investment in securities, redemption or repayment of debt securities, and repurchase of securities.

BNP Paribas Securities Corp., Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC, Deutsche Bank Securities Inc. and ING Financial Markets LLC were the lead underwriters.

BBVA Securities Inc. and UBS Securities LLC also served as underwriters for the offering.