ACCESS Newswire·Sep 16, 2026, 5:45 AM ET

Smith & Nephew Plc Announces Result of Cash Tender Offer for 2030 Bonds

Smith+Nephew announced the results of its cash tender offer for up to $250 million of its 2.032% Senior Notes due 2030.
The tender offer expired at 5:00 p.m. New York City time on September 15, 2026.
$431,825,000 in aggregate principal amount of notes was validly tendered, exceeding the $250 million maximum tender amount.
Proration was applied with a scaling factor of 57.995% to determine the accepted notes.
The company accepted $250,000,000 of the outstanding $900,000,000 in notes for purchase.
The tender offer consideration is set at $878.90 per $1,000 principal amount.
Accepted holders will receive accrued interest from the last payment date through the settlement date.
The settlement date is expected to be September 18, 2026.
Notes accepted for purchase will be canceled \& will no longer remain outstanding obligations of the company.
Smith+Nephew may purchase additional notes in the future through open market transactions or other methods.