Biomet, Inc. Extends Registered Exchange Offers
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WARSAW, Ind.--(Business Wire)-- Biomet, Inc. today announced the extension of exchange offers for all of its outstanding 10% Senior Notes due 2017, 10 3/8%/11 1/8% Senior Toggle Notes due 2017 and 11 5/8% Senior Subordinated Notes due 2017, which are not registered under the Securities Act of 1933 (the "Original Notes") for an equal principal amount of its 10% Senior Notes due 2017, 10 3/8%/11 1/8% Senior Toggle Notes due 2017 and 11 5/8% Senior Subordinated Notes due 2017, respectively, which have been registered under the Securities Act of 1933 (the "Exchange Notes"). The exchange offers were originally scheduled to expire at 5:00 p.m., New York City time, on Thursday, June 19, 2008. The exchange offers are now scheduled to expire at 5:00 p.m., New York City time, on Thursday, June 26, 2008, unless the exchange offers are extended or terminated by Biomet. As of 5:00 p.m., New York City time, on Thursday, June 19, 2008, $775,000,000 of the $775,000,000 aggregate principal amount of the outstanding 10% Senior Notes due 2017, $774,798,000 of the $775,000,000 aggregate principal amount of the outstanding 10 3/8%/11 1/8% Senior Toggle Notes due 2017 and $1,004,067,000 of the $1,015,000,000 aggregate principal amount of the outstanding 11 5/8% Senior Subordinated Notes due 2017 had been tendered for exchange. This press release does not constitute an offer to purchase any securities or the solicitation of an offer to sell any securities. The exchange offers are being made only pursuant to the prospectus dated May 21, 2008 and the related letter of transmittal and only to such persons and in such jurisdictions as is permitted under applicable law. The terms of the exchange offers and other information relating to Biomet, Inc. are set forth in the prospectus dated May 21, 2008. Copies of the prospectus and the related letter of transmittal may be obtained from Wells Fargo Bank, N.A., which is serving as the exchange agent for the exchange offers. Wells Fargo Bank's address, telephone and facsimile number are as follows: -0- *T By Registered and Certified Mail: Wells Fargo Bank, N.A. Corporate Trust Operations MAC N9303-121 P.O. Box 1517 Minneapolis, MN 55480 By Overnight Courier or Regular Mail: Wells Fargo Bank, N.A. Corporate Trust Operations MAC N9303-121 6th & Marquette Avenue Minneapolis, MN 55479 By Hand Delivery: Wells Fargo Bank, N.A. Corporate Trust Services 608 2nd Avenue South Northstar East Building--12th Floor Minneapolis, MN 55402 By Facsimile Transmission: (612) 667-6282 Confirm by Telephone: (800) 344-5128 *T About Biomet Biomet, Inc. and its subsidiaries design, manufacture, and market products used primarily by musculoskeletal medical specialists in both surgical and non-surgical therapy. Biomet's product portfolio encompasses reconstructive products, including orthopedic joint replacement devices, bone cements and accessories, autologous therapies and dental reconstructive implants; fixation products, including electrical bone growth stimulators, internal and external orthopedic fixation devices, craniomaxillofacial implants and bone substitute materials; spinal products, including spinal stimulation devices, spinal hardware and orthobiologics; and other products, such as arthroscopy products and softgoods and bracing products. Headquartered in Warsaw, Indiana, Biomet and its subsidiaries currently distribute products in more than 70 countries. Forward-Looking Statements This press release contains certain statements that are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, as amended. Such statements are qualified by the inherent risks and uncertainties surrounding future expectations generally, including those relating to the exchange offers described above, and may materially differ from actual future experience involving any one or more of such statements. Such risks and uncertainties include our ability to develop and market new products and technologies in a timely manner, and the risk factors as set forth in the registration statement relating to the exchange offers. The inclusion of a forward-looking statement herein should not be regarded as a representation by Biomet that Biomet's objectives will be achieved. Biomet undertakes no obligation to publicly update forward-looking statements, whether as a result of new information, future events or otherwise. Biomet, Inc. Daniel P. Florin, 574-372-1687 Senior Vice President and Chief Financial Officer or Barbara Goslee, 574-372-1514 Director, Corporate Communications Copyright Business Wire 2008
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