Refinancing Completed with US

RNS Number : 9047X

Smiths Group PLC

14 December 2010

 

 

News Release

London, 14 December 2010

For immediate release

SMITHS COMPLETES REFINANCING WITH US$800M CREDIT FACILITY

Smiths Group plc today announces it has completed the refinancing of its existing £660m bank facility with a new US$800m revolving credit facility arranged by the Group's 10 global relationship banks. The new facility, which matures in December 2015, is un-drawn.

Peter Turner, Finance Director, said: "The refinancing of our revolving credit facility, taken together with the capital market financings in the past two years, provides a robust long-term financial platform to underpin the delivery of our corporate strategy. Its successful completion reflects the close relationship we enjoy with our banking partners".

Smiths Group (www.smiths.com) is a world leader in the practical application of advanced technologies. It comprises five divisions - Smiths Detection, John Crane, Smiths Medical, Smiths Interconnect and Flex-Tek - that supply products and services for markets in threat and contraband detection, energy, medical devices, communications and engineered components. Smiths Group employs around 23,000 people in more than 50 countries.

Investor Relations
Peter Durman
[phone]

Media Relations
Colin McSeveny
[phone]

 

END

 

 

MSCGCBDDDUBBGGS