Altria to offer guaranteed notes in four parts via four bookrunners

By Devika Patel

Knoxville, Tenn., Feb. 1 – Altria Group, Inc. is planning a four-part offering of notes, according to a 424B2 filing with the Securities and Exchange Commission.

The notes feature a make-whole call and then a par call and will be guaranteed by wholly owned subsidiary Philip Morris USA Inc.

Credit Suisse Securities (USA) LLC, Deutsche Bank Securities Inc., Mizuho Securities USA Inc. and Morgan Stanley & Co. LLC are the bookrunners.

Proceeds will be used for cash tender offers to purchase up to $3.65 million of the company's notes.

Altria is a tobacco company based in Richmond, Va.

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