Smiths completes refinancing of credit facility

RNS Number : 5312A

Smiths Group PLC

20 February 2014

 

 

News Release

London, 20 February 2014

For immediate release

SMITHS COMPLETES REFINANCING WITH NEW FIVE-YEAR CREDIT FACILITY

Smiths Group plc today announces it has completed the refinancing of its existing US$800m bank facility which was due to mature in December 2015.

The new US$800m committed revolving credit facility, arranged by the Group's ten global relationship banks, matures in February 2019 with two one-year extension options. It is currently undrawn.

Peter Turner, Finance Director, said: "This core bank facility, now extended to 2019, will continue to provide Smiths Group with a solid financial platform to underpin the delivery of its strategic goals. Its successful completion reflects the close relationship we enjoy with our banking partners".

END

Investor Relations
Peter Durman
[phone]

Media Relations
Colin McSeveny
[phone]

Smiths Group

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 advanced 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 around 23,000 people in over 50 countries. For more information visit www.smiths.com

 

END

 

 

MSCSEFSASFLSEIE