{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-23-184743","form_type":"8-K","ticker":"ZBH","cik":"0001136869","company_name":"ZIMMER BIOMET HOLDINGS, INC.","filed_at":"2023-07-10T23:59:59+00:00","discovered_at":"2026-05-14T18:03:33.220241+00:00","generated_at":"2026-06-13T10:28:01.944425+00:00","sec_items":["1.01","1.02","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"Zimmer Biomet enters $1.5B five-year and $1B 364-day credit facilities, refinances $520M","bullets":["New $1.5B five-year unsecured revolving facility matures July 7, 2028, with two one-year extension options.","New $1.0B 364-day unsecured revolving facility matures July 5, 2024.","Borrowed $520M under the five-year facility to repay outstanding borrowings under prior five-year credit agreement.","Financial covenant requires consolidated indebtedness to EBITDA ratio ≤4.5x (5.0x for material acquisitions).","Interest rates based on adjusted Term SOFR plus margin determined by credit rating; facility fees also based on credit rating."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-23-184743","json":"https://secwatch.observer/filing/0001193125-23-184743.json","markdown":"https://secwatch.observer/filing/0001193125-23-184743.md","text":"https://secwatch.observer/filing/0001193125-23-184743.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1136869/000119312523184743/0001193125-23-184743-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1136869/000119312523184743/d500762d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-13T10:28:01.944425+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"4df5db8dfd5888379e6026af070a46a695062fe2","claim":"ZIMMER BIOMET HOLDINGS, INC. incurred revolving credit of $1.0 billion with JPMorgan Chase Bank, N.A. at adjusted Term SOFR plus an applicable margin maturing July 5, 2024.","evidence_excerpt":"The 364-Day Revolving Credit Agreement, dated as of July 7, 2023, among the Company, the lenders party thereto and JPMorgan Chase Bank, N.A., as administrative agent (the “364-Day Credit Agreement”), is an unsecured revolving credit facility in the principal amount of $1.0 billion (the “364-Day Revolving Facility”).","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1136869/000119312523184743/0001193125-23-184743-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"revolving credit"},{"label":"Principal","value":"$1.0 billion"},{"label":"Counterparty","value":"JPMorgan Chase Bank, N.A."},{"label":"Rate","value":"adjusted Term SOFR plus an applicable margin"},{"label":"Maturity","value":"July 5, 2024"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"959ebdfac48175e30cad3d0c5bfd05b0cb0a97a1","claim":"ZIMMER BIOMET HOLDINGS, INC. incurred revolving credit of $1.5 billion with JPMorgan Chase Bank, N.A. at adjusted Term SOFR plus an applicable margin maturing July 7, 2028.","evidence_excerpt":"On July 7, 2023, Zimmer Biomet Holdings, Inc. (the “Company”) entered into a new five-year revolving credit agreement and a new 364-day revolving credit agreement, as described below. The Five-Year Revolving Credit Agreement, dated as of July 7, 2023, among the Company, the lenders party thereto and JPMorgan Chase Bank, N.A., as administrative agent (the “Five-Year Credit Agreement”), is a five-year unsecured revolving facility of $1.5 billion (the “Five-Year Revolving Facility”).","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1136869/000119312523184743/0001193125-23-184743-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"revolving credit"},{"label":"Principal","value":"$1.5 billion"},{"label":"Counterparty","value":"JPMorgan Chase Bank, N.A."},{"label":"Rate","value":"adjusted Term SOFR plus an applicable margin"},{"label":"Maturity","value":"July 7, 2028"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"22746f46c7f960739cd689c0788351b73f787a0c","claim":"ZIMMER BIOMET HOLDINGS, INC. entered into Five-Year Credit Agreement with JPMorgan Chase Bank, N.A., as administrative agent valued at $1.5 billion (effective 2023-07-07).","evidence_excerpt":"The Five-Year Revolving Credit Agreement, dated as of July 7, 2023, among the Company, the lenders party thereto and JPMorgan Chase Bank, N.A., as administrative agent (the “Five-Year Credit Agreement”), is a five-year unsecured revolving facility of $1.5 billion (the “Five-Year Revolving Facility”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1136869/000119312523184743/0001193125-23-184743-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"JPMorgan Chase Bank, N.A., as administrative agent"},{"label":"Value","value":"$1.5 billion"},{"label":"Effective","value":"2023-07-07"}],"fact_type":"material_agreement"},{"claim_id":"421bbf0f9ebaa59f74af95b175e2444917f4da5d","claim":"ZIMMER BIOMET HOLDINGS, INC. terminated 2022 Five-Year Credit Agreement with JPMorgan Chase Bank, N.A., as administrative agent valued at $520.0 million (effective 2023-07-07).","evidence_excerpt":"There was $520.0 million in aggregate outstanding borrowings under the 2022 Five-Year Credit Agreement at the time it was terminated, which borrowings were repaid through borrowings on July 7, 2023 in the same amounts and on the same terms under the Five-Year Credit Agreement.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1136869/000119312523184743/0001193125-23-184743-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"termination"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"JPMorgan Chase Bank, N.A., as administrative agent"},{"label":"Value","value":"$520.0 million"},{"label":"Effective","value":"2023-07-07"}],"fact_type":"material_agreement"},{"claim_id":"486f4e77644a578c98743b6375d6a22fbe844d4a","claim":"ZIMMER BIOMET HOLDINGS, INC. terminated 2022 364-Day Credit Agreement with JPMorgan Chase Bank, N.A., as administrative agent (effective 2023-07-07).","evidence_excerpt":"The Five-Year Revolving Credit Agreement, dated as of July 7, 2023, among the Company, the lenders party thereto and JPMorgan Chase Bank, N.A., as administrative agent (the “Five-Year Credit Agreement”), is a five-year unsecured revolving facility of $1.5 billion (the “Five-Year Revolving Facility”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1136869/000119312523184743/0001193125-23-184743-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"termination"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"JPMorgan Chase Bank, N.A., as administrative agent"},{"label":"Effective","value":"2023-07-07"}],"fact_type":"material_agreement"},{"claim_id":"5829f7de4dbb741e8e3f6201ea4d7ec255f70fac","claim":"ZIMMER BIOMET HOLDINGS, INC. entered into 364-Day Credit Agreement with JPMorgan Chase Bank, N.A., as administrative agent valued at $1.0 billion (effective 2023-07-07).","evidence_excerpt":"The 364-Day Revolving Credit Agreement, dated as of July 7, 2023, among the Company, the lenders party thereto and JPMorgan Chase Bank, N.A., as administrative agent (the “364-Day Credit Agreement”), is an unsecured revolving credit facility in the principal amount of $1.0 billion (the “364-Day Revolving Facility”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1136869/000119312523184743/0001193125-23-184743-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"JPMorgan Chase Bank, N.A., as administrative agent"},{"label":"Value","value":"$1.0 billion"},{"label":"Effective","value":"2023-07-07"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}