trending Market Intelligence /marketintelligence/en/news-insights/trending/nirqkockb5Dh3_db0Em5GQ2 content esgSubNav
In This List

Zimmer Biomet closes €1B debt offering

Blog

Insight Weekly: US stock performance; banks' M&A risk; COVID-19 vaccine makers' earnings

Blog

Global M&A By the Numbers: Q3 2021

Blog

Post-webinar Q&A: Global Credit Risk Trends 2021 and Beyond

Blog

University Essentials: From Crisis to Resilience – Navigating Sustainable Recovery


Zimmer Biomet closes €1B debt offering

Zimmer Biomet Holdings Inc. closed its offering of €500 million of 1.414% senior unsecured notes due 2022 and €500 million of 2.425% senior unsecured notes due 2026.

The offering of the notes closed Dec. 13.

The company used the net proceeds to pay for the senior notes it purchased in its cash tender offers.

In the tender offers, the company accepted for purchase the aggregate principal amount of each series of notes validly tendered and not validly withdrawn on or before 5 p.m. ET Dec. 5. Settlement of the notes accepted for purchase took place Dec. 13, and notes purchased in the offers were retired and canceled.

Zimmer has not accepted, and will not accept, for purchase any tenders of notes after Dec. 5 as the aggregate purchase price of the notes tendered before the deadline exceeds the maximum tender amount of $1.25 billion.