|
Smith & Nephew PLC - Watford, England-based medical devices maker - Prices $350.0 million in 3-year debt notes due 2027 with 5.15% coupon and $650.0 million in 10-year notes due 2034 with 5.40% coupon. S&N says the net proceeds of $990.6 million will be used to redeem outstanding private placement notes with coupons ranging from 3.26% to 3.89%, as well as for general corporate purposes. The new debt offer is expected to close on Wednesday next week. Current stock price: 1,085.00 pence 12-month change: down 9.4% Copyright 2024 Alliance News Ltd. All Rights Reserved.
|
