← ZIMMER BIOMET HOLDINGS, INC.

364-DAY REVOLVING CREDIT AGREEMENT

When the limit steps, and which way the company's ratio has been moving.

4.80x3.50x2.19x

Signed Jun 27, 2025

Committed
$1bn
Matures
n/a
TrancheSizeMaturesMargin
Revolving credit facility$1bnn/a82–135 bps

Priced over Term SOFR, floor 0 bps (Revolving credit facility).

LevelConditionMarginUnused fee
Level Category 1A-/A3 or higher82 bps6 bps
Level Category 2BBB+/Baa193 bps8 bps
Level Category 3BBB/Baa2104 bps9 bps
Level Category 4BBB-/Baa3113 bps13 bps
Level Category 5BB+/Ba1 or lower135 bps15 bps

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

Tested quarterly32.0%ratio 3.06x, estimated, vs 4.50x limit in force at Jun 30, 20264.50x
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 4.50 to 1.00
Read the filing on sec.gov ↗

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