Towergate to raise £665m to refinance debt
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Towergate Finance has announced a £665m revenue raising plan to help refinance the existing debt of parent company Towergate Partnership.
The firm has announced the offer of £365m senior secured notes due to pay out in 2017 and £300m senior notes due in 2018.
Proceeds from the issuance and sale of the notes together with the proceeds from certain other transactions will be used to refinance the existing debt and redeem certain preferred shares of Towergate Partnership.
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Readers' comments (3)
Richard Price | 4 May 2010 9:02 am
Tick, tick, tick, tick .......
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Anonymous | 4 May 2010 11:30 am
Tock, tock, tock, tock......
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Anonymous | 15 Jun 2010 8:36 am
......Times up.
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