Consolidator taps bond markets once again to refinance debt
Towergate is once again tapping the bond markets, seeking £396m from lenders.
The consolidator hopes to secure two bond notes, both around £200m. The notes will mature in February, 2018.
The new corporate bond issuance would allow Towergate to refinance some of its existing debt on new terms.
A spokesman said: “Towergate can confirm that it has launched a further bond offering to investors. It is intended that the bond issuance, if successful, will be utilised in the refinancing of certain existing debt instruments.”
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
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