Biomet Completes $1,000,000,000 Debt Offering (press releaes)
WARSAW, Ind., Aug 08, 2012 (BUSINESS WIRE) — Biomet, Inc. today announced the completion of its previously announced offering of $1.0 billion aggregate principal amount of senior notes due 2020 (the ” Senior Notes”), at an issue price of 6.500%. Biomet expects to use the net proceeds of this offering to fund its tender offer for any and all of its outstanding 10a…oe / 11a…’% Senior Toggle Notes due 2017, including related fees and expenses, and to purchase, redeem, defease or otherwise acquire or retire its outstanding indebtedness.
The Senior Notes were offered in a private offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), and to non-U.S. persons in accordance with Regulation S of the Securities Act.
The Senior Notes have not been registered under the Securities Act or the securities laws of any other jurisdiction and may not be offered or sold in the United States or to, or for the benefit of, U.S. persons absent registration under, or an applicable exemption from, the registration requirements of the Securities Act and applicable state securities laws. Biomet has agreed to file a registration statement with the U.S. Securities and Exchange Commission.
This press release does not constitute an offer to sell or the solicitation of an offer to buy the Senior Notes or any other security and shall not constitute an offer, solicitation or sale in any jurisdiction in which, or to any persons to whom, such offering, solicitation or sale would be unlawful. Any offers of the Senior Notes will be made only by means of a private offering circular.