Zimmer Biomet Prices Offering of Senior Notes

Published: Mar 08, 2018

WARSAW, Ind., March 8, 2018 /PRNewswire/ -- Zimmer Biomet Holdings Inc. (NYSE and SIX: ZBH) (the "Company") today announced that it has priced an offering of $450 million principal amount of its floating rate senior unsecured notes due 2021 and $300 million principal amount of its 3.700% senior unsecured notes due 2023.

The closing of the offering is expected to occur on March 19, 2018, subject to the satisfaction of customary closing conditions.

The Company intends to use the net proceeds from the sale of the notes, together with borrowings under its senior unsecured credit facility and cash on hand, to repay at maturity its $1,150 million outstanding aggregate principal amount of 2.000% Senior Notes due April 1, 2018.

The joint book-running managers for the offering are Citigroup Global Markets Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated, MUFG Securities Americas Inc. and SMBC Nikko Securities America, Inc.

The Company has filed a registration statement (including a base prospectus) and a preliminary prospectus supplement with the U.S. Securities and Exchange Commission (the "SEC") for the offering to which this press release relates. Before you invest, you should read the preliminary prospectus supplement, and the accompanying base prospectus in that registration statement and other documents the Company has filed with the SEC for more complete information about the Company and this offering. You may obtain these documents for free by visiting EDGAR on the SEC's website at www.sec.gov. Alternatively, the Company, any underwriter or any dealer participating in the offering will arrange to send you the preliminary prospectus supplement, the final prospectus supplement (when available), and the accompanying base prospectus if you request it by calling Citigroup Global Markets Inc. toll-free at 1-800-831-9146, Merrill Lynch, Pierce, Fenner & Smith Incorporated toll-free at 1-800-294-1322, MUFG Securities Americas Inc. toll-free at 1-877-649-6848 and SMBC Nikko Securities America, Inc. toll-free at 1-888-868-6856.

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