Smiths Group PLC Smiths establishes Euro Medium Term Note Programme (7487M)
October 18 2016 - 2:00AM
UK Regulatory
TIDMSMIN
RNS Number : 7487M
Smiths Group PLC
18 October 2016
News Release
London, 18 October 2016
For immediate release
Smiths Group establishes a Euro Medium Term Note Programme
Smiths Group plc ("the Company") announces today that it has
established a EUR2.5 billion Euro Medium Term Note Programme ("the
EMTN programme") with its ten relationship banks as dealers.
The EMTN programme will facilitate the issuance by the Company
of senior notes over time in various currencies and maturities as a
continuing element of its financing strategy. Notes issued under
the EMTN programme will be guaranteed by Smiths Group International
Holdings Limited and will rank pari passu with all of the Company's
outstanding senior notes and other debt obligations.
Chris O'Shea, Chief Financial Officer, said:
"This programme underpins Smiths Group's existing strategy to
finance our balance sheet from the rated public debt markets. It
provides us with increased flexibility in refinancing our debt
maturities over the next two years, and in financing portfolio
management activities, such as the agreement we announced in April
to acquire Morpho Detection."
A base prospectus dated 17 October 2016 relating to the
establishment of the EMTN programme ("the Prospectus") has been
approved by the UK Listing Authority and is available for
viewing.
To view the Prospectus, please paste the following URL into the
address bar of your browser:
http://www.rns-pdf.londonstockexchange.com/rns/7487M_-2016-10-17.pdf
The Prospectus has been submitted to the National Storage
Mechanism and will shortly be available for inspection at:
www.Hemscott.com/nsm.do.
ENDS
Contact details
Investor enquiries
Andrew Lappin, Smiths Group
+44 (0)20 7004 1657
+44 (0)78 5461 1966
andrew.lappin@smiths.com
Kirsty Law, Smiths Group
+44 (0)20 7004 1672
+44 (0)75 8315 4386
kirsty.law@smiths.com
Media enquiries
Andrew Lorenz, FTI Consulting
+44 (0)203 727 1323
+44 (0)777 564 1807
smiths@fticonsulting.com
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
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 22,000 people in over 50 countries. For more information
visit www.smiths.com
Disclaimer - intended addressees
Please note that the information contained in the Prospectus may
be addressed to and/or targeted at persons who are residents of
particular countries (specified in the Prospectus) only and is not
intended for use and should not be relied upon by any person
outside these countries and/or to whom the offer contained in the
Prospectus is not addressed. Prior to relying on the information
contained in the Prospectus, you must ascertain from the Prospectus
whether or not you are one of the intended addressees of the
information contained therein.
In particular, the Prospectus does not constitute an offer of
securities for sale in the United States. Neither the Prospectus
nor this announcement is intended for distribution in the United
States. The securities described herein have not been, and will not
be, registered under the U.S. Securities Act of 1933, as amended
(the "Securities Act"), or under any relevant securities laws of
any state of the United States of America and are subject to U.S.
tax law requirements. Subject to certain exceptions, the securities
may not be offered or sold within the United States or to, or for
the account or benefit of, U.S. persons or to persons within the
United States of America, as such terms are defined in Regulation S
under the Securities Act. There will be no public offering of the
securities in the United States.
Your right to access this service is conditional upon complying
with the above requirement.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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