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Zimmer To Sell $1 Billion Of Senior Notes

November 13, 2009 (FinancialWire) — Zimmer Holdings, Inc. (NYSE: ZMH) said it has agreed to sell $1 billion of its senior unsecured notes in an underwritten public offering consisting of $500 million of 4.625% notes due 2019 and $500 million of 5.75% notes due 2039.

The 10-year notes were priced to yield 118 basis points above their Treasury benchmark, and the 30-year notes were priced at 135 basis points above their Treasury benchmark. The offering is scheduled to close on November 17.

Zimmer plans to use the net proceeds of the offering to repay the outstanding U.S. dollar denominated balance of its credit facility and for general corporate purposes, including the financing of its stock repurchase program.

Warsaw, Indiana-based Zimmer designs, develops, manufactures and markets orthopaedic reconstructive, spinal and trauma devices, dental implants, and related surgical products.

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Free annual reports, filings and conference call webcasts for companies mentioned in the news are available via Investrend Syndications (http://investrend.ar.wilink.com/?level=279). Yesterday’s issued reports and recorded webcasts include Shinsei Bank Ltd. (OTC: SKLKF), Altus Group Income Fund (TSX: AIF-UN), China Green Agriculture Inc. (AMEX: CGA), Novadaq Technologies Inc. (TSX: NDQ), American Medical Alert Corp (NASDAQ: AMAC), Endeavour Financial Corporation (TSX: EDV), Hong Kong Highpower Technology (AMEX: HPJ), Netsol International Inc. (NASDAQ: NTWK), Endeavour Silver Corp (TSX: EDR) (AMEX: EXK), Charles & Colvard (NASDAQ: CTHR), CyberDefender Corp. (OTCBB: CYDE), EF Johnson Technologies Inc. (NASDAQ: EFJI), Tekmira Pharmaceuticals Corp. (TSX: TKM), Escalon Medical Corp. (NASDAQ: ESMC), Flint Energy Services Ltd. (TSX: FES) (OTC: FESVF), Trading Emissions PLC (OTC: TRDGF), Solomon Gold PLC (LSE: SOLG), Homeland Security Capital Corp. (OTCBB: HOMS), Vietnam Opportunity Fund LD (OTC: VCVOF) and FirstRand (OTC: FANDF) (XETRA: FSRJ).

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