Biomet Completes $1B Debt OfferingWritten by Jaimie Oh | August 09, 2012
Biomet has announced the completion of its previously announced offering of $1 billion aggregate principal amount of senior notes due 2020, at an issue price of 6.5 percent.
Biomet expects to use the net proceeds of this offering to fund its tender offer for any and all of its outstanding 10⅜ / 11⅛ percent senior toggle notes due 2017, including related fees and expenses, and to purchase, redeem, defease or otherwise acquire or retire its outstanding indebtedness.
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