Smiths Group PLC

Capital/Financing Update • Apr 24, 2015

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RNS Number : 1755L

Smiths Group PLC

24 April 2015

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

This information is provided by RNS

The company news service from the London Stock Exchange

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