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Smith & Nephew Prices Offer to Redeem $250 Million Notes Due 2030

MT Newswires·09/16/2026 02:50:18
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02:50 AM EDT, 09/16/2026 (MT Newswires) -- Smith & Nephew (SN.L) priced its offer to acquire up to $250 million of its 2.032% senior notes due Oct. 14, 2030. The medical technology company will acquire every $1,000 of the bonds for $878.90, plus accrued and unpaid interest, according to a release dated Tuesday and filed with the London bourse on Wednesday. The notes have an outstanding principal amount of $900 million. The offer was scheduled to close on Tuesday, with results expected on Wednesday. Settlement is set for Friday.