IN BRIEF: Smith & Nephew prices USD700 million in 10-year debt notes
Smith & Nephew PLC - Hertfordshire, England-based medical technology, focused on repair, regeneration and replacement of soft and hard tissue - Prices USD700.0 million in notes due in 2036 with a 5.75% coupon. The USD690.9 million in net proceeds from the bond issue will be used to repurchase in a tender offer S&N's outstanding 2.032% senior notes due in 2030, it says, as will as be used for general corporate purposes. Read More