secwatch.observer — SEC 8-K summary
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Issuer:     ZIMMER BIOMET HOLDINGS, INC. (ZBH)
CIK:        0001136869
Form:       8-K
Filed at:   2025-02-19T23:59:59+00:00
Accession:  0001193125-25-029614
Event type: debt
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1136869/000119312525029614/0001193125-25-029614-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1136869/000119312525029614/d888831d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-029614

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