Credit Suisse to Arrange Zimmer $12B Credit Facility
Reuters reported that Zimmer Holdings, a medical device manufacturer, is expected to enter into a $12.01 billion credit facility. The article said the financing will support the company’s acquisition of Biomet.
Reuters noted that Credit Suisse is arranging the deal, which comprises a five-year, $1.35 billion revolver; a five-year, $3 billion term loan; and a $7.66 billion, 364-day bridge loan, Reuters said further.
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