Smith & Nephew issues $700M notes due 2036
Smith & Nephew plc issued $700 million of 5.750% Notes due 2036 and filed the related indenture and legal opinions into its Form F-3 shelf.
Rhea-AI Filing Summary
SMITH & NEPHEW PLC (SNN) reports the issuance of $700,000,000 aggregate principal amount of 5.750% Notes due 2036. The company is furnishing a First Supplemental Indenture with The Bank of New York Mellon, London Branch as trustee, plus English and US law legal opinions, for incorporation into its Form F-3 shelf registration statement.
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Key Figures
Aggregate principal amount of Notes: $700,000,000
Coupon rate: 5.750%
Maturity year: 2036
+2 more
5 metrics
Aggregate principal amount of Notes
$700,000,000
5.750% Notes due 2036 issued by Smith & Nephew plc
Coupon rate
5.750%
Interest rate on Smith & Nephew’s Notes due 2036
Maturity year
2036
Maturity of the 5.750% Notes issued by Smith & Nephew
Registration Statement file number
333-277815
Form F-3 shelf registration used for the Notes
Supplemental Indenture date
September 11, 2026
Date of First Supplemental Indenture for the Notes
Key Terms
First Supplemental Indenture, aggregate principal amount, Registration Statement on Form F-3, Notes due 2036, +1 more
5 terms
First Supplemental Indenture financial
"First Supplemental Indenture, between the Registrant and The Bank of New York Mellon"
aggregate principal amount financial
"issuance by Smith & Nephew plc of $700,000,000 aggregate principal amount of 5.750%"
The aggregate principal amount is the total amount of money borrowed through a bond or loan that the borrower promises to repay. It’s like the original price tag on a loan or bond, showing how much money is involved in the deal. This number matters because it indicates the size of the debt and helps investors understand the scale of the borrowing.
Registration Statement on Form F-3 regulatory
"solely for incorporation into the Registration Statement on Form F-3"
A registration statement on Form F-3 is a streamlined filing used by eligible foreign companies to register securities for sale in the U.S., often as a “shelf” that lets them offer shares quickly when market conditions are right. For investors it matters because it signals that the company can raise capital on short notice—potentially increasing liquidity but also the risk of share dilution if new stock is issued—similar to a company keeping a pre-approved credit line ready to use.
Notes due 2036 financial
"issuance by Smith & Nephew plc of $700,000,000 aggregate principal amount of 5.750% Notes due 2036"
trustee financial
"First Supplemental Indenture, between the Registrant and The Bank of New York Mellon, London Branch, as trustee"
A trustee is a person or institution legally appointed to hold and manage assets or enforce an agreement on behalf of other people (beneficiaries). Think of a trustee as a neutral referee or custodian who must act in the beneficiaries’ best interests, follow the trust or contract rules, and handle distributions, recordkeeping and enforcement. Investors care because a trustworthy trustee protects their rights, ensures promised payments or remedies are delivered, and can influence recoveries if things go wrong.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What securities did SMITH & NEPHEW PLC (SNN) issue in this 6-K?
SMITH & NEPHEW PLC issued $700,000,000 aggregate principal amount of 5.750% Notes due 2036. These are debt securities with a fixed interest rate, maturing in 2036, and form part of its financing arrangements.
What is the interest rate and maturity of Smith & Nephew’s new notes (SNN)?
The notes carry a fixed coupon of 5.750% and are due in 2036. This means Smith & Nephew will pay 5.750% annual interest on the $700,000,000 principal until the 2036 maturity date.
How is the $700 million notes issuance of SNN being registered?
The $700,000,000 5.750% Notes due 2036 are being incorporated into Smith & Nephew’s existing Registration Statement on Form F-3 (File No. 333-277815), allowing the notes to be offered under that shelf registration.
What key documents are filed for Smith & Nephew’s (SNN) 5.750% Notes due 2036?
Smith & Nephew filed a First Supplemental Indenture with The Bank of New York Mellon, London Branch as trustee, and two legal opinions from Davis Polk & Wardwell London LLP (English law and US law), all tied to the 5.750% Notes due 2036.
Who is the trustee for Smith & Nephew’s (SNN) new notes?
The trustee for the 5.750% Notes due 2036 is The Bank of New York Mellon, London Branch, as specified in the First Supplemental Indenture dated September 11, 2026.
AI-generated analysis. How Rhea-AI works. Not financial advice.
