16th Sep 2026 11:09
Smith & Nephew PLC - Hertfordshire, England-based medical technology, focused on repair, regeneration and replacement of soft and hard tissue - S&N says its tender offer for up to USD250 million of its 2.032% senior debt notes due in 2030 received tenders for USD431.8 million in notes out of the USD900.0 million outstanding. As a result, a 58% scaling factor will be applied to the tenders to reduce acceptances to the USD250 million maximum. The tender offer is priced at USD878.90 for each USD1,000 in principal amount. It will be financed by part of the net proceeds of the USD700.0 million in 2036 debt notes with a 5.75% coupon that S&N had priced last week. Read More
