SMITH & NEPHEW PLC (SNN) Form 6-K — Sep 16, 2026
Smith+Nephew announced the pricing of its cash tender offer to purchase up to $250 million of its $900 million outstanding 2.032% Senior Notes due 2030, at a consideration of $878.90 per $1,000 principal amount based on a 4.833% reference yield plus a 55 basis point fixed spread. The offer expired at 5:00 p.m. New York time on September 15, 2026, with settlement expected on September 18, 2026 and accrued interest paid in addition to the consideration. Tenders above the $250 million cap will be accepted on a prorated basis, and the financing condition to the offer has already been satisfied.
Key figures
- Debt Amount
- 250000000
- Coupon
- 2.032%
- Note maturity
- October 14, 2030
- Expiration time
- 5:00 p.m. New York City time, September 15, 2026
- Reference yield
- 4.833%
- Fixed spread bps
- 55
- Annual sales 2025
- $6.2 billion
- Expected settlement date
- September 18, 2026
- Reference treasury security
- 4.375% U.S. Treasury due August 31, 2031
- Tender offer consideration per 1000
- $878.90
- Notes aggregate principal outstanding
- 900000000
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