Zimmer Biomet Holdings Inc. priced an offering of senior notes to help repay its $1.15 billion outstanding 2.000% senior notes due April 1.
The company is offering $450 million of its floating-rate senior unsecured notes due 2021 and $300 million of its 3.700% senior unsecured notes due 2023.
The offering is expected to close March 19, subject to customary closing conditions.
Citigroup Global Markets Inc., Merrill Lynch, Pierce, Fenner & Smith Inc., MUFG Securities Americas Inc. and SMBC Nikko Securities America Inc. are joint book-running managers for the offering.
Warsaw, Ind.-based Zimmer Biomet provides musculoskeletal healthcare products to orthopedic surgeons, neurosurgeons, oral surgeons and dentists.
