Smith & Nephew’s US$1 Billion Notes Offering

Sidley Austin LLP advised the underwriters on the deal.

Smith & Nephew plc, a leading LSE- and NYSE-listed portfolio medical technology company headquartered in the United Kingdom announced its offering, which closed on October 14, 2020, of US$1 billion aggregate principal amount of 2.032% notes due 2030. The underwriters were BofA Securities, J.P. Morgan Securities, SMBC Nikko Securities America, Mizuho Securities USA, Bank of China Limited, London Branch, HSBC Securities (USA), SG Americas Securities, and Wells Fargo Securities.

The Sidley Capital Markets team in London was led by partners Mark Walsh (Picture) and Nigel Wilson, supported by associates Dominic Nelson and David Kucharski, and trainee Alistair Gunn. Additional support was provided by partner Nick Brown and associate Galya Savir (U.S. Tax – New York) and partner Oliver Currall and associate Caleb McConnell (UK Tax – London).

Involved fees earner: Nicholas Brown – Sidley Austin LLP; Oliver Currall – Sidley Austin LLP; David Kucharski – Sidley Austin LLP; Caleb McConnell – Sidley Austin LLP; Dominic Nelson – Sidley Austin LLP; Galya Savir – Sidley Austin LLP; Mark Walsh – Sidley Austin LLP; Nigel Wilson – Sidley Austin LLP;

Law Firms: Sidley Austin LLP;

Clients: Bank of America Securities; Bank of China Limited Panama Branch; HSBC Securities; J.P. Morgan Securities LLC; Mizuho Securities; NBG London Branch; SG Americas Securities LLC; SMBC Nikko Securities America; Wells Fargo Securities;