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IN BRIEF: Smith & Nephew completes pricing of notes to repay loans

5th Oct 2022 11:16

Smith & Nephew PLC - Watford, England-based medical equipment manufacturing company - Completes pricing of EUR500 million bond issue for 4.565% notes, due 2029. The proceeds will be used for "general corporate purposes", including repayment of the amounts outstanding under company's EUR265 million term loan due April 2023 and EUR223 million term loan due May 2023. The offering is scheduled to close October 11 2022.

Current stock price: 1,035.57 pence

12-month change: down 19%

By Chris Dorrell; [email protected]

Copyright 2022 Alliance News Limited. All Rights Reserved.

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