19.03.2014 19:38:29
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IGATE Prices $325 Mln Of Senior Notes
(RTTNews) - iGATE Corp. (IGTE) said Wednesday that it has priced an offering of $325 million in aggregate principal amount of 4.75% senior notes due 2019.
The notes were priced at par value and will bear interest at a rate of 4.75% per annum payable semi-annually on April 15 and October 15, commencing on October 15, 2014.
iGATE plans to use the net proceeds of the offering, together with cash, the proceeds from its 2013 term loan and a drawdown of its revolving credit facility, to redeem its $770 million 9.0% senior notes due 2016.

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