Towergate seeks £665m cash boost
Towergate Finance, part of the Towergate Partnership, is seeking a £665m cash boost from investors to refinance its existing debt and redeem certain preferred shares.
Post understands it is offering £365m of senior secured notes which will fall due 2017 and £300m of senior notes due to pay out in 2018.
He added the proceeds from the issuance and sale of the notes
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