debt
confidence high
sentiment neutral
materiality 0.60
Zimmer Biomet issues €700M of 3.518% notes due 2032
ZIMMER BIOMET HOLDINGS, INC.
- €700M aggregate principal, 3.518% annual interest, matures Dec 15, 2032.
- Interest payable annually on December 15, starting December 15, 2025.
- Before Sept 15, 2032, redeemable at greater of present value plus 20bps or par, plus accrued interest.
- On or after Sept 15, 2032, redeemable at 100% of principal plus accrued interest.
- Change of control triggers repurchase at 101% of principal plus accrued interest.