ZIMMER BIOMET HOLDINGS, INC.

$2.5bn committed across 2 active facilities, next covenant test Sep 30, 2026. ZBH

Orthopedic, Prosthetic & Surgical Appliances & Supplies

Net leverage: when the limit steps, and which way the company's ratio has been moving.

Tested quarterlyover 25% of headroom leftLimit
Permit the Consolidated Leverage Ratio as at the last day of any period of four consecutive fiscal quarters of the Borrower (each such period, a “Test Period”) to exceed to 1.00; provided that upon the consummation of a Qualified Material Acquisition, if the Borrower shall so elect by a written notice delivered to the Administrative Agent within days following such consummation, the maximum permitted ratio set forth above shall be increased to to 1.00 at the end of and for the fiscal quarter in which such Qualified Material Acquisition is consummated and the subsequent three consecutive fiscal quarters (the “Leverage Increase Period”)
Read the filing on sec.gov ↗
Tested quarterlyover 25% of headroom leftLimit
Permit the Consolidated Leverage Ratio as at the last day of any period of four consecutive fiscal quarters of the Borrower (each such period, a “Test Period”) to exceed to 1.00
Read the filing on sec.gov ↗

FIVE-YEAR REVOLVING CREDIT AGREEMENT

Signed Jun 27, 2025

Committed
$1.5bn
Matures
Jun 2030
Agent
JPMORGAN CHASE BANK, N.A.
TrancheSizeMaturesMargin
Revolving credit facility$1.5bnJun 2030

Priced over Term SOFR, margin set by a 5-level grid.

Lenders: JPMORGAN CHASE BANK, N.A., CITIBANK, N.A., MIZUHO BANK, LTD., BOFA SECURITIES, INC., BARCLAYS BANK PLC., BNP PARIBAS SECURITIES CORP., DNB MARKETS, INC., GOLDMAN SACHS BANK USA., HSBC SECURITIES (USA) INC., MORGAN STANLEY MUFG LOAN PARTNERS, LLC., RBC CAPITAL MARKETS, SUMITOMO MITSUI BANKING CORPORATION

Credit agreement

Signed Jun 27, 2025

Committed
$1bn
Matures
n/a
Agent
JPMORGAN CHASE BANK, N.A.
TrancheSizeMaturesMargin
Revolving credit facility$1bnn/a

Priced over Term SOFR, margin set by a 5-level grid.

Lenders: JPMORGAN CHASE BANK, N.A., CITIBANK, N.A., MIZUHO BANK, LTD., BOFA SECURITIES, INC., BARCLAYS BANK PLC, BNP PARIBAS SECURITIES CORP., DNB MARKETS, INC., GOLDMAN SACHS BANK USA, HSBC SECURITIES (USA) INC., MORGAN STANLEY MUFG LOAN PARTNERS, LLC, RBC CAPITAL MARKETS, SUMITOMO MITSUI BANKING CORPORATION

No amendments on file yet.