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Re: None

Thursday, 03/08/2018 12:36:29 PM

Thursday, March 08, 2018 12:36:29 PM

Post# of 41370
As of Dec. 31 Zimmer had:

$524m COH + $1.5b multicurrency revolving credit = $2 billion & they plan to issue both fixed & floating rate notes to payoff $1.15b note?


We have a five-year unsecured multicurrency revolving facility of $1.5 billion (the “Multicurrency Revolving Facility”) that will mature on September 30, 2021. There were no outstanding borrowings on this facility as of December 31, 2017. We also have other available uncommitted credit facilities totaling $58.4 million.



We intend to use the proceeds from this offering, together with borrowings under our senior unsecured credit facility and cash on hand, to repay at maturity our $1,150 million outstanding aggregate principal amount of 2.000% Senior Notes due 2018 (the “2018 notes”). See “Use of Proceeds.”



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