This excerpt taken from the MO 8-K filed Apr 24, 2008.
Tender Offer for Altria Notes Completed
On February 29, 2008, in connection with the PMI spin-off, Altria and its subsidiary, Altria Finance (Cayman Islands) Ltd., completed debt tender offers and consent solicitations to purchase for cash $2.3 billion of notes and debentures denominated in U.S. dollars and 373 million in euro-denominated bonds. Altria arranged a $4.0 billion bridge loan facility to finance the tender offer. Altria intends to access the public-debt market to replace the retired debt. As a result of the tender offer and consent solicitations, Altria recorded a $393 million pre-tax loss for the early retirement of this debt.