On January 27, 2017, Philip Morris International Inc. entered into an agreement, effective February 7, 2017, to extend the term of its existing $2.0 billion revolving credit facility, dated as of February 12, 2013 with each lender named therein and Citibank Europe PLC, UK Branch, as administrative agent. The Extension Agreement extends the expiration date of the Credit Agreement from February 7, 2017 to February 6, 2018 pursuant to Section 2.19 of the Credit Agreement. All other material terms and conditions of the Credit Agreement remain in full force and effect.