Philip Morris International entered into an agreement to extend the term of its existing $3.5 billion revolving credit facility dated October 1, 2015 to October 1, 2021. The agreement was set to expire on October 1, 2020.

According to a related 8-K filing, all other material terms and conditions of the credit agreement remain in full force and effect. Citibank Europe is facility agent, and Citibank is swingline agent for the transaction.