Smith & Nephew Accepts $250 Million of 2030 Notes in Tender Offer
MT Newswires Live
Sep 16
Smith & Nephew (SNN) accepted $250 million of its 2.032% senior notes due 2030 in a cash tender offer, after holders tendered $431.8 million of the notes, the company said Wednesday.
The company will pay $878.90 for each $1,000 of notes accepted, excluding accrued interest, Smith & Nephew said. The notes had $900 million outstanding before the offer.
The tender offer expired Tuesday, and the settlement date is expected to be Sept. 18, it added.
Smith & Nephew shares were down 1.1% in premarket activity.
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