iGate starts roadshow for $770 million offering of five-year notes

By Paul A. Harris

Portland, Ore., April 4 - iGate Corp. began a roadshow on Monday for a $770 million offering of five-year senior notes (expected ratings B1/B+), according to an informed source.

The roadshow is set to wrap up on April 14.

Jefferies & Co. and RBC Capital Markets are the joint bookrunners for the Rule 144A with registration rights offering.

The notes come with three years of call protection.

Proceeds will be used to help fund the acquisition of 83.6% of the outstanding shares of Patni Computer Systems Ltd., a Mumbai, India-based information technology services company.

iGate is a Freemont, Calif.-based integrated technology and operations solutions provider.

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