8-K
filed February 19, 2025, 6:59 PM ET
ticker ZBH
CIK 0001136869
debt
confidence high
sentiment neutral
materiality 0.75
ZIMMER BIOMET HOLDINGS, INC. (ZBH): debt financing — Zimmer Biomet issues $1.75B in three tranches of notes; special redemption tied to Paragon 28 merger
ZIMMER BIOMET HOLDINGS, INC.
- Issued $600M 4.700% notes due 2027, $550M 5.050% notes due 2030, and $600M 5.500% notes due 2035.
- Interest payable semi-annually on Feb 19 and Aug 19, commencing Aug 19, 2025.
- If Paragon 28 merger not closed by Nov 28, 2025 (extendable to Jan 28, 2026) or agreement terminated, 2030/2035 notes redeemable at 101% plus accrued interest.
- 2027 notes not subject to special mandatory redemption and will remain outstanding even if merger fails.
- Change of control repurchase offer at 101% of principal plus accrued interest for each series.
Key facts
Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.95
ZIMMER BIOMET HOLDINGS, INC. incurred senior notes of $600,000,000 with noteholders at 5.500% maturing February 19, 2035.
- Instrument
- senior notes
- Principal
- $600,000,000
- Counterparty
- noteholders
- Rate
- 5.500%
- Maturity
- February 19, 2035
- Event
- incurrence
Exact text from the filing
On February 19, 2025, Zimmer Biomet Holdings, Inc. (the “Company”) completed its previously announced issuance of $600,000,000 aggregate principal amount of its 4.700% notes due 2027 (the “2027 Notes”), $550,000,000 aggregate principal amount of its 5.050% notes due 2030 (the “2030 Notes”) and $600,000,000 aggregate principal amount of its 5.500% notes due 2035 (the “2035 Notes” and, together with the 2027 Notes and the 2030 Notes, the “Notes”).
View on SEC.gov
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.95
ZIMMER BIOMET HOLDINGS, INC. incurred senior notes of $600,000,000 with noteholders at 4.700% maturing February 19, 2027.
- Instrument
- senior notes
- Principal
- $600,000,000
- Counterparty
- noteholders
- Rate
- 4.700%
- Maturity
- February 19, 2027
- Event
- incurrence
Exact text from the filing
On February 19, 2025, Zimmer Biomet Holdings, Inc. (the “Company”) completed its previously announced issuance of $600,000,000 aggregate principal amount of its 4.700% notes due 2027 (the “2027 Notes”), $550,000,000 aggregate principal amount of its 5.050% notes due 2030 (the “2030 Notes”) and $600,000,000 aggregate principal amount of its 5.500% notes due 2035 (the “2035 Notes” and, together with the 2027 Notes and the 2030 Notes, the “Notes”).
View on SEC.gov
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.95
ZIMMER BIOMET HOLDINGS, INC. incurred senior notes of $550,000,000 with noteholders at 5.050% maturing February 19, 2030.
- Instrument
- senior notes
- Principal
- $550,000,000
- Counterparty
- noteholders
- Rate
- 5.050%
- Maturity
- February 19, 2030
- Event
- incurrence
Exact text from the filing
On February 19, 2025, Zimmer Biomet Holdings, Inc. (the “Company”) completed its previously announced issuance of $600,000,000 aggregate principal amount of its 4.700% notes due 2027 (the “2027 Notes”), $550,000,000 aggregate principal amount of its 5.050% notes due 2030 (the “2030 Notes”) and $600,000,000 aggregate principal amount of its 5.500% notes due 2035 (the “2035 Notes” and, together with the 2027 Notes and the 2030 Notes, the “Notes”).
View on SEC.gov
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