Altria Group intends to price six-part offering of fixed-rate notes

By Devika Patel

Knoxville, Tenn., Feb. 12 – Altria Group Inc. plans to sell dollar-denominated fixed-rate notes in six tranches, according to a 424B2 filing with the Securities and Exchange Commission.

All tranches have a make-whole call and then a par call.

Barclays, Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC, Deutsche Bank Securities Inc., Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, Mizuho Securities USA Inc. and Scotia Capital (USA) Inc. are the bookrunners. JPMorgan is the global coordinator.

The notes will be guaranteed by Philip Morris USA Inc.

Proceeds will be used to prepay borrowings under the company’s term loan agreement and for general corporate purposes.

The Richmond, Va.-based company produces cigarette and tobacco products.

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