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ZimVie Expects To Achieve An Annualized Financial Profile Of $455M+ In Net Sales Vs $454.05M Est.; A 15%+ Adjusted EBITDA Margin 1-Year Following The Close Of The Deal

Author: Benzinga Newsdesk | April 01, 2024 09:37am

Outlook for ZimVie

As previously communicated, ZimVie expects to achieve an annualized financial profile of $455+ million in Net Sales, and a 15%+ adjusted EBITDA margin(1) one year following the close of the deal. ZimVie intends to immediately pay down $275 million of outstanding debt, leaving total debt of approximately $234 million, and estimated cash of approximately $66 million as of April 2, 2024.

Posted In: ZIMV


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