Philip Morris Incorporated
| Company Deal | $150,000,000 8 7/8% sinking fund debentures due 2004; $50,000,000 8.85% notes due 1982 |
|---|---|
| Transaction Type | Debentures / Notes |
| Deal Description | Philip Morris Incorporated applied the net proceeds from this transaction to the repayment of short-term debt, which was used for general corporate purposes, including capital expenditures and working capital. |