Altria Group to conduct offering of guaranteed notes in two tranches

By Devika Patel

Knoxville, Tenn., Sept. 13 – Altria Group Inc. intends to offer guaranteed fixed-rate notes in two tranches, according a 424B5 filing with the Securities and Exchange Commission.

The notes will have a make-whole call and then are callable at par.

Deutsche Bank Securities Inc., Goldman Sachs & Co., Mizuho Securities USA Inc. and Morgan Stanley & Co. LLC are the joint bookrunners.

Proceeds will be used to repurchase the company’s 9.95% notes due 2038 and our outstanding 10.20% notes due 2039 and for general corporate purposes. The company announced a tender offer for the existing notes on Tuesday morning.

The securities are guaranteed by Richmond, Va.-based parent Philip Morris USA Inc., a cigarette and smokeless tobacco product maker.

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