Smiths Group sets redemption price for 3.625% notes due 2022

By Rebecca Melvin

Concord, N.H., Feb. 15 – Smiths Group plc set the price for the redemption of its $400 million 3.625% guaranteed notes due 2022 (Cusip: 83238PAD6, G82401AH6), according to a notice Tuesday.

The price to be paid for the notes, guaranteed by Smiths Group International Holdings Ltd., is $1,015.69 for each $1,000 principal amount, plus $12.58680556 of accrued interest.

The redemption price was determined on Feb. 14 based on Treasuries plus 30 basis points.

The redemption will occur on Feb. 17, as announced on Jan. 13.

The engineering firm is based in London.

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