Beverly Hills 11/14/2009 1:00:46 AM
News / Business

Zimmer Holdings, Inc. To Raise $1 Billion by Selling Notes

Finance World News Update by EQUITIES Magazine

Zimmer Holdings, Inc. recently resolved to raise $1 billion through the sale of its senior unsecured notes in an underwritten public offering split into two separate transactions. The transactions entail selling $500 million of 4.625% notes due 2019 and $500 million of 5.75% notes due 2039, with the public offering expected to close on November 17th of this year.

 

Zimmer, an international frontrunner in the design, development, manufacture and marketing of reconstructive implants and trauma-related orthopedic surgical products, has already filed an automatic shelf registration statement on Form S-3 with the Securities and Exchange Commission for the public offer. Citigroup Global Markets Inc, Banc of America Securities LLC and J. P. Morgan Securities Inc are the active joint book-running managers of the offering.

 

About EQUITIES:

 

Since 1951, EQUITIES Magazine has been a leading media company providing business editorial content designed to serve the needs of business leaders, professionals, institutional investors and retail investors. We are focused on business and the business of making money, not on lifestyle subjects. We publish original reporting in print and on our website, as well as select content at www.nasdaq.com. For 28 years we have hosted our own branded investor conferences that connect public company CEO’s with our loyal readers in the investment community.

 

Sign up for a free one-year subscription to EQUITIES Magazine