Towergate seeks to refinance debt
Towergate Finance seeks to raise £665m to refinance
According to reports Towergate Finance, part of the Towergate Partnership, is offering £365m of senior secured notes due to fall 2017 and £300m senior notes to pay out in 2018. It said it wanted "to refinance existing debt and redeem certain preference shares of Towergate".
Towergate has recently appointed the international corporate law firm Shearman & Sterling which advised Cadbury on its takeover by Kraft, and overseen a number of major bond and debt offerings. Towergate currently has large
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