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”.