Zimmer secures cheaper financing for Biomet acquisition

By

ZIMMER SECURES CHEAPER FINANCING FOR BIOMET DEAL (Orthopedics This Week)
Zimmer press release
Your Dashboard for the Zimmer-Biomet Merger
Zimmer Holdings, Inc. just lowered the cost of the acquisition of Biomet, Inc. and fortified its pocketbook to complete the deal.
The company announced on March 11, 2015 that it has agreed to sell $7.65 billion of senior notes through a consortium of Wall Street banks. The “price” of seven tranches of the notes averages about 3.2%. Bank of America analyst Bob Hopkins says that’s lower than expected and will save the company borrowing costs. Hopkins said the ...

Get access to full posts newsletters, trends, and market reports for only subscribe for $1/day.
Hit the SUBSCRIBE button at the top of the homepage.