Zimmer Biomet issues 5.85% USD notes due 2036
ZBH•Zimmer Biomet issued USD notes bearing 5.85% annual interest and maturing Nov. 12, 2036. It also issued EUR notes bearing 4.38% interest and maturing Nov. 12, 2033.
1. Notes terms
The USD notes pay interest semiannually on May 12 and Nov. 12, beginning May 12, 2027; the EUR notes pay interest annually on Nov. 12, beginning in 2027. Following a qualifying change-of-control event, noteholders must be offered 101% of principal plus accrued unpaid interest, unless the relevant notes are redeemed.
