Zimmer Holdings to sell $1 billion in notes

AP News
|
Posted: Nov 12, 2009 5:23 PM

Orthopedic implant maker Zimmer Holdings Inc. said Thursday it will publicly offer $1 billion in senior notes, and use the proceeds to pay down debt and for general corporate purposes.

The company agreed to sell $500 million of 4.625 percent notes due 2019 and $500 million worth of 5.75 percent notes due 2039.

Recommended
FBI, You Don’t Have That Right
Bruce Bialosky

The offering is expected to close Nov. 17.

Shares of Zimmer Holdings fell 16 cents to close at $55.16.