February 16, 2017
gategroup increases bond issuance by CHF 50 million due to strong demand
ZURICH, February 16, 2017 – On February 14, gategroup announced having raised CHF 300 million through the issuance of a fixed rate 5-year senior bond with a final maturity on February 28, 2022. Due to strong investor demand, the transaction was subsequently increased by CHF 50 million to CHF 350 million.
gategroup is a leading global provider of products, services and solutions relating to a passenger’s onboard experience. It specializes in catering and hospitality; provisioning and logistics; and onboard products and services to companies that serve people on the move. In 2015, gategroup achieved a total revenue of CHF3.0 billion and an adjusted EBITDA of CHF169.4 million. The company currently employs 39,000 people worldwide. For further information: www.gategroup.com
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