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Altria Group grosses $1.48 billion from debt offering

Altria Group Inc. raised gross proceeds of $1.48 billion from an offering of 3.875% senior unsecured notes due Sept. 16, 2046.

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

Deutsche Bank Securities Inc., Goldman Sachs & Co. LLC, Mizuho Securities USA LLC and Morgan Stanley & Co. LLC were the lead underwriters.

Barclays Capital Inc., Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC, HSBC Securities (USA) Inc., J.P. Morgan Securities LLC, Loop Capital Markets LLC, Santander Investment Securities Inc., Scotia Capital (USA) Inc., Williams Capital Group LP, U.S. Bancorp Investments Inc. and Wells Fargo Securities LLC also served as underwriters for the offering.