debt
confidence high
sentiment neutral
materiality 0.60
Zimmer Biomet prices €700M 3.518% notes due 2032; proceeds to repay 2024 notes
ZIMMER BIOMET HOLDINGS, INC.
- Issued €700M aggregate principal of 3.518% notes due December 15, 2032.
- Interest payable annually; first payment December 15, 2025.
- Offering scheduled to close November 20, 2024; underwriters led by Barclays, Goldman Sachs, HSBC, RBC.
- Net proceeds to be used to repay a portion of $850M 1.450% notes maturing 2024.
- Notes issued under eleventh supplemental indenture to base indenture dated 2009.