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Indiana-based orthopedic implant maker Zimmer Holdings Inc. said Thursday it plans to 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.
The offering is
expected to close Nov. 17.
Founded in 1927 and headquartered in Warsaw, Zimmer has more than 8,000 employees worldwide.
Its 2008 sales were about $4.1 billion.
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