debt
confidence high
sentiment neutral
materiality 0.50
Zimmer Biomet issues $700M of 5.200% notes due 2034
ZIMMER BIOMET HOLDINGS, INC.
- Issued $700M aggregate principal of 5.200% notes maturing Sep 15, 2034.
- Interest at 5.200% payable semi-annually on Mar 15 and Sep 15, beginning Mar 15, 2025.
- Notes redeemable at par after Jun 15, 2034; prior to that at Treasury rate plus 20 bps.
- Upon Change of Control Repurchase Event, holders can require repurchase at 101% of principal plus accrued interest.
- Issued under shelf registration; trustee is Computershare Trust Company, N.A.