Philip Morris Issues €1 Billion in Notes

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

On June 6, 2025, PMI issued €1 billion in aggregate principal amount of Notes, divided equally between 2.750% Notes due 2029 and 3.250% Notes due 2032. The proceeds from this issuance are intended for general corporate purposes, including repaying outstanding commercial paper and meeting working capital requirements. The Notes, which are senior unsecured obligations, are subject to covenants and redemption options, and interest payments will begin in 2026. This financial maneuver is part of PMI’s broader strategy to manage its debt and financial operations effectively, impacting its market positioning and stakeholder relations.

The most recent analyst rating on (PM) stock is a Buy with a $175.00 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 Outperform.

Philip Morris demonstrates strong earnings growth and momentum in the smoke-free segment, bolstering its strategic direction. However, financial risks from high leverage and overvaluation concerns temper the outlook. The combination of robust earnings and strategic initiatives contributes positively, while technical and valuation factors pose potential headwinds.

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 focusing on the manufacture and sale of cigarettes and smoke-free products. The company is known for its efforts to create a smoke-free future by developing and commercializing reduced-risk products.

Average Trading Volume: 6,396,764

Technical Sentiment Signal: Buy

Current Market Cap: $281.2B

See more insights into PM stock on TipRanks’ Stock Analysis page.