Bond Offering

RNS Number : 0148O

Smiths Group PLC

05 October 2012

 

 

News Release

London, 5 October 2012

For immediate release

SMITHS GROUP PLC LAUNCHES US$400M BOND OFFERING

Smiths Group plc confirms the launch yesterday of a US$400 million dollar-denominated bond offering ("the Notes") for general corporate funding purposes and to repay certain existing debt.

The Notes, priced with a coupon of 3.625%, have a maturity in October 2022 and the offer is expected to close on 12 October 2012. They will be issued by Smiths Group plc, guaranteed by Smiths Group International Holdings Limited, and will rank pari passu with all of its other existing unsecured indebtedness.

Smiths Group Finance Director Peter Turner said: "This successful bond issue reinforces our financing strategy of proactively managing our debt portfolio primarily with long-term US$ denominated debt."

Investor Relations

Peter Durman
[phone]

Media Relations

Colin McSeveny
[phone]

Cardew Group

Anthony Cardew
[phone]

Smiths Group

Smiths is a global technology company which is listed on the London Stock Exchange (SMIN) and operates a sponsored level one ADR programme (SMGZY). A world leader in the practical application of technologies, Smiths Group products and services for the threat & contraband detection, medical devices, energy and communications markets worldwide. Our products and services make the world safer, healthier and more productive. Smiths Group employs more than 23,000 people in over 50 countries.

 

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