Comments
iGATE announced today that it has priced an offering of $200 million aggregate principal amount of senior notes due on 2016.
Further, these senior notes will bear an interest rate of 9 per cent, the company said in a statement. Also, these notes will be guaranteed by iGATE's existing and future wholly-owned U.S. subsidiaries without specifying which ones. Additionally, the company intends to use net proceeds of the offering to redeem $770 million loan taken last year, the statement added.
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.