Gates Industrial issues $500M 6.875% notes due 2029, upsizes revolver, refinances 2026 notes

Gates Industrial Corp plc

Issuer sold $500M of 6.875% Senior Notes due July 1, 2029, at par on June 4, 2024.
Net proceeds used to redeem all $568M of 6.250% Senior Notes due 2026.
Credit Agreement Amendment No. 9 upsized revolver by $250M to $500M and added $1.3B Initial B-5 Dollar Term Loans.
New term loans bear interest at Term SOFR + 2.25%; revolver matures June 2029 (or April 2029 if notes outstanding).
Amendment also refinanced existing B-3 term loans and revised applicable rates for B-4 term loans.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.