Financing ·
Smith & Nephew redeems $350M of 5.150% notes due 2027
SNNSmith & Nephew PLC
Smith & Nephew plc announced the redemption of the entire outstanding principal amount of its $350,000,000 5.150% Notes due 2027 on September 18, 2026. The securities will be redeemed on October 5, 2026, at a price calculated per the governing Indenture, causing interest to cease accruing and listing cancellation on the New York Stock Exchange shortly thereafter. This debt extinguishment reduces the company's leverage profile. Smith & Nephew plc operates in the medical technology industry, designing and manufacturing orthopaedic, sports medicine, ENT, and wound management products.