debt
confidence high
sentiment neutral
materiality 0.60
Zimmer Biomet issues $1.75B in notes at 4.700%, 5.050%, and 5.500%
ZIMMER BIOMET HOLDINGS, INC.
- Offering includes $600M 4.700% notes due 2027, $550M 5.050% notes due 2030, and $600M 5.500% notes due 2035.
- Interest payable semi-annually; closing expected February 19, 2025 subject to customary conditions.
- Net proceeds to redeem a portion of the outstanding 3.550% notes due 2025 and for general corporate purposes.
- Underwriters include Goldman Sachs, Barclays, Citi, Morgan Stanley, and SMBC Nikko.