Altria to tap European bond market to help fund Juul stake buy

Tobacco company Altria Group will tap the European investment grade corporate bond market to help finance its 12.8 billion dollar purchase of a stake in e-cigarette maker Juul Labs Inc.That's according to a regulatory filing on Monday.Altria, the maker of Marlboro, said it would issue the bonds in four tranches in denominations of 100,000 euros as it looks to prepay a term loan arranged by JPMorga


Most Popular Videos