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Altria Announces Cash Tender Offer For A Portion Of Its Long-Term Debt

Altria Group, Inc. (Altria) (NYSE:MO) today announced that it is commencing a cash tender offer for up to $2,000,000,000 aggregate principal amount (the “Tender Cap”) of its senior unsecured notes identified in the table below (the “Notes”). Concurrently, Altria is commencing an underwritten public offering of new senior unsecured notes (the “New Notes”). Altria expects these transactions to reduce the weighted average coupon rate and future interest expense and extend the weighted average maturity of its consolidated debt.

The terms and conditions of the tender offer are described in the Offer to Purchase, dated October 28, 2013, and the related Letter of Transmittal. The following table sets forth the Notes subject to the tender offer and certain information relating to pricing for the tender offer.
Title of Securities   CUSIP Number   Outstanding Principal Amount   Acceptance Priority Level   Aggregate Maximum Purchase Sublimit*   Early Tender Payment**   U.S. Treasury Reference Security   Fixed Spread (bps)   Bloomberg Reference Page
9.950% Notes due 2038   02209SAE3   $ 1,500,000,000       $30   2.875% due 05/15/2043  

1 $ 1,500,000,000
10.200% Notes due 2039   02209SAH6   $ 1,500,000,000           $30   2.875% due 05/15/2043  

9.700% Notes due 2018 02209SAD5 $

$30 1.375% due 09/30/2018

2 Not Applicable
9.250% Notes due 2019   02209SAJ2   $

          $30   1.375% due 09/30/2018  


* Applies to the aggregate principal amount of Notes with Acceptance Priority Level 1.** Per $1,000 principal amount of Notes validly tendered and not validly withdrawn at or prior to the Early Tender Deadline and accepted for purchase.

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