BZ NOTE:
From website Press Release:
Smith & Nephew SNSNN, the global medical technology business, announces that it has signed a private placement agreement to borrow $800 million of long-term debt, comprising $730m of fixed rate debt and $70m of floating rate debt. The fixed debt has an average rate of 3.1% and an average maturity of just over eight years. The funds will be used to repay existing bank debt.
At 27 September 2014, the end of the third quarter 2014, Smith & Nephew's net debt was $1,880 million.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Posted In: NewsPress Releases
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in