Bankruptcy: Philip Morris International Inc.

Form Type: 8-K

Filing Date: 2025-03-07

Corporate Action: Bankruptcy

Type: Update

Accession Number: 000141332925000081

Filing Summary: On March 7, 2025, Philip Morris International Inc. announced a press release regarding its deconsolidated Canadian affiliate, Rothmans, Benson & Hedges Inc. (RBH). The court overseeing RBH's Companies’ Creditors Arrangement Act (CCAA) proceeding has approved a plan of compromise and arrangement aimed at resolving all tobacco product-related claims and litigation in Canada against RBH and its affiliates, including PMI. This development represents a significant milestone in addressing legal disputes related to tobacco products for the involved parties.

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