Financing ·
Smith+Nephew prices $250M cash tender offer for 2.032% Senior Notes due 2030 at $878.90 per $1,000 principal amount
SNNSmith & Nephew PLC
Smith+Nephew announced the pricing of a cash tender offer for up to $250 million of its outstanding 2.032% Senior Notes due 2030, which have an aggregate principal amount of $900 million outstanding. The company set the tender consideration at U.S.$878.90 per U.S.$1,000 principal amount, based on a fixed spread over the reference yield as of September 15, 2026. The offer expired on that date and is subject to proration if oversubscribed, with settlement expected on September 18, 2026. Smith+Nephew operates in the medical technology industry, focusing on the repair, regeneration, and replacement of soft and hard tissue through orthopaedics, sports medicine, and wound management products.