Switzerland's gategroup to start brief roadshow Thursday for €350 million seven-year notes

By Paul A. Harris

Portland, Ore., Feb. 29 - Zurich-based travel services provider gategroup plans to start a brief roadshow on Thursday for a €350 million offering of seven-year senior notes (confirmed B1/expected BB), according to a London-based sellside source.

The deal is expected to price during the Friday session in London.

Global coordinator and joint bookrunner Credit Suisse will bill and deliver. Citigroup, Deutsche Bank AG and Goldman Sachs International are also joint bookrunners.

The Rule 144A and Regulation S for life notes come with three years of call protection.

The issuing entity is financing unit gategroup Finance (Luxembourg) SA.

Proceeds will be used to repay debt.

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