---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-029614"
form_type: "8-K"
ticker: "ZBH"
cik: "0001136869"
company_name: "ZIMMER BIOMET HOLDINGS, INC."
filed_at: "2025-02-19T23:59:59+00:00"
generated_at: "2026-05-26T10:34:59.846544+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Zimmer Biomet issues $1.75B in three tranches of notes; special redemption tied to Paragon 28 merger

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-25-029614
- form_type: 8-K
- ticker: ZBH
- cik: 0001136869
- company_name: ZIMMER BIOMET HOLDINGS, INC.
- filed_at: 2025-02-19T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1136869/000119312525029614/0001193125-25-029614-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1136869/000119312525029614/d888831d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-029614
- JSON: https://secwatch.observer/filing/0001193125-25-029614.json
- Plain text: https://secwatch.observer/filing/0001193125-25-029614.txt

## Key facts
- Debt Financings
  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
  source text: 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”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1136869/000119312525029614/0001193125-25-029614-index.htm
- Debt Financings
  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
  source text: 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”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1136869/000119312525029614/0001193125-25-029614-index.htm
- Debt Financings
  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
  source text: 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”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1136869/000119312525029614/0001193125-25-029614-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.