Biomet Completes $1B Debt Offering

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.

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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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