Zimmer To Sell $7.65 Bln Of Senior Notes In Public Offering - Quick Facts

(RTTNews) - Zimmer Holdings, Inc. (ZMH) announced it has agreed to sell $7.65 billion of senior notes in an underwritten public offering through Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC, J.P. Morgan Securities LLC and Merrill Lynch, Pierce, Fenner & Smith Incorporated, as joint book-running managers. The offering is expected to close on March 19, 2015.

Zimmer intends to use the net proceeds to finance a portion of the cash consideration for its previously announced merger with LVB Acquisition, Inc., the parent of Biomet Inc., payment of fees and expenses incurred in connection with the merger and the payment of a portion of LVB's funded debt.