...NEW YORK (S&P Global Ratings) Oct. 10, 2016--S&P Global Ratings today assigned its '###' issue-level ratings to Zimmer Biomet Holdings Inc.'s senior unsecured credit facility, including its $1.5 billion multicurrency revolving credit facility and a $750 million term loan. We expect the company to use term loan proceeds to repay outstanding balances on its revolver, which was drawn to fund its previously announced acquisition of LDR Holding Corp. The new $1.5 billion revolver will replace the existing revolving credit facility. Our '###' corporate credit rating on Zimmer Biomet reflects our assessment of the company's business risk as strong and the financial risk profile as significant. The outlook is stable. Zimmer Biomet's business risk profile reflects its substantial scale (pro forma 2016 revenues of about $7.5 billion), above-average profitability (adjusted EBITDA margins exceeding 35%), substantial product concentration in hip and knee (combined account for 64% of revenues), good...
