Smiths Group closes US$400m bond offering

RNS Number : 6942O

Smiths Group PLC

15 October 2012

 

 

News Release

London, 15 October 2012

For immediate release

SMITHS GROUP PLC CLOSES US$400M BOND OFFERING

Smiths Group plc today announces that it has closed a US$400 million dollar-denominated bond offering ("the Notes") following its launch on 5 October 2012. The Notes have a 10-year maturity and were priced at a fixed coupon of 3.625%.

Smiths Group will use the net proceeds from the Notes for general corporate purposes and to repay certain existing indebtedness of the Company.

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. For more information visit www.smiths.com.

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