Press Release Details - Smiths Group plc

Cookies

The cookie settings on this website are set to ‘allow all cookies’. Leaving your settings to ‘allow all cookies’ means you consent to a website remembering your preferences and generally enhancing the user experience. If you prefer a website to not remember your preferences, you can change your settings at any time by changing the privacy settings of your browser.

Find out more about cookies >

16 February 2017

Smiths Group plc launches 10 year €650m bond offering

Smiths Group plc (the “Company”) today confirms the launch and pricing of a €650m bond offering (the “Notes”), pursuant to the Company’s €2.5bn Euro Medium Term Note Programme, for general corporate funding purposes and to repay certain existing debt as it falls due.

The Notes, priced with a fixed coupon of 2.00%, will have a maturity in February 2027 and are expected to close on 23 February 2017. The Notes will be issued by the Company, guaranteed by Smiths Group International Holdings Limited, and will rank pari passu with all its other existing unsecured indebtedness.

Chris O’Shea, Chief Financial Officer, said: “I am delighted this 10 year bond issue was heavily oversubscribed by a wide range of quality long-term investors in our business. Building on the very successful 8 year bond issue in 2015, this refinancing further extends our debt maturity profile and reaffirms the strength of our balance sheet.”







back to top

Smiths Group divisions:

John Crane, Smiths Medical, Smiths Detection, Smiths Interconnect, Flex-Tek

Smiths Group plc:
Registered office 4th Floor, 11-12 St James’s Square, London, SW1Y 4LB
Incorporated in England No. 137013
Copyright 2017 Smiths Group plc.
All rights Reserved | Legal Notice | Privacy Policy | Cookie Policy