Zimmer To Sell $1 Billion In Senior Unsecured Notes
July 28, 2016 at 4:25 p.m.
By Staff Report-
The 10-year notes were priced to yield 118 basis points above their Treasury benchmark, and the 30-year notes were priced at 135 basis points above their Treasury benchmark. The offering is expected to close Tuesday.
The company intends to use the net proceeds of the offering to repay the outstanding U.S. dollar denominated balance of its credit facility and for general corporate purposes, including the financing of its stock repurchase program.
Copies of the prospectus may be obtained by calling or e-mailing Banc of America Securities LLC at 800-294-1322 or [email protected], by calling Citigroup Global Markets Inc. toll free at 877-858-5407, or by calling J.P. Morgan Securities Inc. at 212-834-4533.[[In-content Ad]]
The 10-year notes were priced to yield 118 basis points above their Treasury benchmark, and the 30-year notes were priced at 135 basis points above their Treasury benchmark. The offering is expected to close Tuesday.
The company intends to use the net proceeds of the offering to repay the outstanding U.S. dollar denominated balance of its credit facility and for general corporate purposes, including the financing of its stock repurchase program.
Copies of the prospectus may be obtained by calling or e-mailing Banc of America Securities LLC at 800-294-1322 or [email protected], by calling Citigroup Global Markets Inc. toll free at 877-858-5407, or by calling J.P. Morgan Securities Inc. at 212-834-4533.[[In-content Ad]]
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