Smith & Nephew plc announced the redemption of its entire outstanding $350 million principal amount of 5.150% Notes due 2027. The securities will be redeemed on October 5, 2026, at a price of 100.245%, equating to $1,002.45 per $1,000 principal amount, plus accrued interest of $2.15 per $1,000 for a total payment of $1,004.60 per bond. This action extinguishes the company's debt obligation under the Indenture dated October 14, 2020. Smith & Nephew plc operates in the medical technology industry, designing and manufacturing orthopaedic, sports medicine, and wound management products.
