News Release
London, 24 April 2015
For immediate release
SMITHS GROUP PLC LAUNCHES EUR600M BOND OFFERING
Smiths Group plc confirms the launch and pricing yesterday of a EUR600 million senior bond offering ("the Notes") for general corporate funding purposes and to repay certain existing debt.
The Notes, priced with a fixed coupon of 1.25%, will have a maturity in April 2023 and the offer is expected to close on 28 April 2015. The Notes will be issued by Smiths Group plc, guaranteed by Smiths Group International Holdings Limited, and will rank pari passu with all its other existing unsecured indebtedness.
Finance Director Peter Turner said: "This bond issue is a successful refinancing exercise for the group, extending maturity profiles and reinforcing the stability of our balance sheet and financing profile over the long term."
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Investor Relations
Peter Durman
+44 (0)20 7808 5535 / +44 7825 145 336
Media Relations
Colin McSeveny
+44 (0)20 7808 5534
Cardew Group
Anthony Cardew
+44 (0)20 7930 0777
Smiths Group
Smiths is a global technology company listed on the London Stock Exchange (SMIN) and operates a sponsored level one ADR programme (SMGZY). A world leader in the practical application of advanced technologies, Smiths Group delivers 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 around 23,000 people in over 50 countries. For more information visit www.smiths.com
