iGate to redeem $770 million of 9% due 2016 notes via new offering

By Tali Rackner

Norfolk, Va., March 14 - iGate Corp. plans to use the proceeds from a senior note offering to redeem its $770 million of 9% senior notes due 2016, according to a press release.

The redemption will also be funded with cash, the proceeds from its 2013 term loan and a draw on its revolving credit facility.

iGate is a Fremont, Calif.-based integrated technology and operations company with most of its operations in India.

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