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".