debt
confidence high
sentiment neutral
materiality 0.45
Zimmer Biomet enters $2.75B in new revolving credit facilities, terminates prior agreements
ZIMMER BIOMET HOLDINGS, INC.
- New $1.5B five-year revolver matures June 2031, with two one-year extension options.
- New $1.25B 364-day revolver matures June 2027; both facilities for general corporate purposes.
- Prior 2025 credit agreements terminated with no principal outstanding; $0.4M in fees paid.
- Borrowings at SOFR plus margin tied to credit rating; leverage covenant max 4.5:1.