Zimmer Holdings, Inc. (NYSE and SIX: ZMH) announced today that it has commenced a $550 million public offering of senior notes.
The Company intends to use the net proceeds of the offering to repay a substantial portion of the outstanding borrowings under its credit facility and for general corporate purposes.
Merrill Lynch, Pierce, Fenner & Smith Incorporated, BNP Paribas Securities Corp. and RBS Securities Inc. are serving as joint book-running managers of the offering. The offering is being conducted as a public offering under the Company's shelf registration statement filed with the Securities and Exchange Commission. Any offer of securities will be made by means of a prospectus. When available, copies of the prospectus may be obtained by contacting: Merrill Lynch, Pierce, Fenner & Smith Incorporated at 1-800-294-1322 or [email protected]; BNP Paribas Securities Corp. at 1-800-854-5674; or RBS Securities Inc. at 1-866-884-2071.