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Zimmer Biomet Holdings (ZBH) just unveiled an announcement.
Zimmer Biomet Holdings, Inc. has secured a new $1.5 billion five-year unsecured revolving credit facility and a $1 billion 364-day unsecured revolving credit facility, both managed by JPMorgan Chase Bank, N.A. These facilities replace previous agreements of similar nature and are intended for general corporate use, with the interest rate tied to the company’s credit rating. The agreements include customary covenants and a provision for an increase in the debt-to-EBITDA ratio in specific scenarios, illustrating the company’s proactive financial management and commitment to maintaining liquidity.
Learn more about ZBH stock on TipRanks’ Stock Analysis page.