secwatch.observer — SEC 8-K summary
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Issuer:     Gates Industrial Corp plc (GTES)
CIK:        0001718512
Form:       8-K
Filed at:   2024-05-23T23:59:59+00:00
Accession:  0001718512-24-000045
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Gates prices $500M 6.875% senior notes due 2029 to refinance 2026 notes
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- $500M aggregate principal of 6.875% Senior Notes due 2029 priced at 100% of par; interest payable semi-annually Jan 1/Jul 1.
- Net proceeds, plus new term loans and cash, will redeem all $568M of outstanding 6.250% Senior Notes due 2026.
- Closing expected June 4, 2024, subject to customary conditions. Notes guaranteed by parent and certain subsidiaries.
- Notes offered privately to QIBs under Rule 144A and to non-U.S. persons under Reg S; not registered under Securities Act.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1718512/000171851224000045/0001718512-24-000045-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1718512/000171851224000045/gtes-20240522.htm
  HTML page:      https://secwatch.observer/filing/0001718512-24-000045

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