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SMITH+NEPHEW PRICES USD BOND ISSUE
SMITH+NEPHEW PRICES USD BOND ISSUE.
About this update from Smith & Nephew Plc
[{"type":"text","content":"\n\n \nSmith & Nephew plc\n \nMarch 14, 2024\n \nSMITH+NEPHEW PRICES USD BOND ISSUE\n \nSmith & Nephew plc (LSE:SN, NYSE:SNN) (\"Smith+Nephew\") has completed the pricing of USD 350,000,000 5.150% Notes due 2027 and USD 650,000,000 5.400% Notes due 2034 (the \"Notes\").\n \nThe proceeds to Smith+Nephew (after expenses and underwriting discounts) of USD 990,630,650 from the Notes will be used to repay the amount outstanding under our revolving credit facility (which we drew down to fund the redemption in 2023 of our 3.26% private placement notes due 2023, our 3.89% private placement notes due 2024 and our floating rate private placement notes due 2024 and in connection with our recent acquisition of CartiHeal), to redeem at maturity our 3.36% private placement notes due 2024, and otherwise for general corporate purposes.\n \nThe offering is scheduled to close on March 20, 2024, subject to the satisfaction of customary conditions.\n \nSmith+Nephew has filed a registration statement (including a prospectus) with the U.S. Securities and Exchange Commission (the \"SEC\") for the offering to which this communication relates. Investors should read the prospectus in such registration statement and other documents Smith+Nephew has filed with the SEC for more complete information about Smith+Nephew and this offering. You may get these documents for free by visiting the SEC web site at www.sec.gov. Alternatively, you may obtain a copy of the Prospectus and Preliminary Prospectus Supplement from J.P. Morgan Securities LLC by calling collect +1-212-834-4533, HSBC Securities (USA) Inc. by calling toll-free at +1-866-811-8049, Mizuho Securities USA LLC by calling toll-free at +1-866-271-7403 or SG Americas Securities, LLC by calling toll-free at +1-855-881-2108.\n \nThis press release does not constitute an offer to sell or the solicitation of an offer to buy any securities, nor will there be any sale of securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.\n \nEnquiries\n\n\n\n\n\n\n\n\n\n\n\n\nInvestors\n\n\n\n\n\n\n\nKatharine Rycroft\n\n\n+44 (0) 7811 270734\n\n\n\n\nSmith+Nephew\n\n\n\n\n\n\n\n &n...