Philip Morris Incorporated
| Company Deal | $40,000,000 4 7/8% sinking fund debentures due June 1, 1979 |
|---|---|
| Transaction Type | Sinking Fund Debentures |
| Deal Description | Philip Morris Incorporated applied the net proceeds from this transaction to reduce its short-term loans. The proceeds of such loans were used to finance the company's purchase of tobacco and for other corporate purposes. |