Philip Morris Enters New $2 Billion Credit Agreement

Philip Morris ( (PM) ) has provided an update.

On December 11, 2025, Philip Morris International Inc. entered into a new credit agreement effective January 29, 2026, for a $2.0 billion revolving credit facility with Citibank Europe plc and Citibank, N.A. This facility, which will be used for general corporate purposes, replaces an existing facility set to expire in 2027. Additionally, PMI amended and extended a €1.5 billion credit facility, pushing its expiration to January 29, 2029. These financial maneuvers aim to enhance PMI’s liquidity and operational flexibility, potentially impacting its financial stability and stakeholder relations.

The most recent analyst rating on (PM) stock is a Hold with a $156.00 price target. To see the full list of analyst forecasts on Philip Morris stock, see the PM Stock Forecast page.

Spark’s Take on PM Stock

According to Spark, TipRanks’ AI Analyst, PM is a Neutral.

Philip Morris’s overall stock score is driven by strong earnings performance and strategic corporate actions, particularly in the smoke-free segment. However, the high leverage and negative equity on the balance sheet, along with bearish technical indicators, present significant risks. The valuation appears high, but the dividend yield offers some compensation for investors.

To see Spark’s full report on PM stock, click here.

More about Philip Morris

Philip Morris International Inc. (PMI) operates in the tobacco industry, primarily producing and selling cigarettes and smoke-free products. The company focuses on transforming its business by moving towards smoke-free alternatives and reducing the harm caused by tobacco products.

Average Trading Volume: 6,579,415

Technical Sentiment Signal: Buy

Current Market Cap: $234.1B

Find detailed analytics on PM stock on TipRanks’ Stock Analysis page.