05 October 2012

Smiths Group plc launches US$400m bond offering

Smiths Group plc confirms the launch yesterday of a US$400 million dollar-denominated bond offering (“the Notes”) for general corporate funding purposes and to repay certain existing debt.

The Notes, priced with a coupon of 3.625%, have a maturity in October 2022 and the offer is expected to close on 12 October 2012. They will be issued by Smiths Group plc, guaranteed by Smiths Group International Holdings Limited, and will rank pari passu with all of its other existing unsecured indebtedness.

Smiths Group Finance Director Peter Turner said: “This successful bond issue reinforces our financing strategy of proactively managing our debt portfolio primarily with long-term US$ denominated debt.”