Gartner driving by with $500 million eight-year senior notes; early talk high 3%-4% area

By Paul A. Harris

Portland, Ore., June 15 – Gartner, Inc. plans to price a $500 million offering of eight-year senior notes (expected ratings Ba3/BB+) in a Tuesday drive-by, according to market sources.

Initial guidance has the notes coming to yield in the high 3% to 4% area.

J.P. Morgan Securities LLC is leading the Rule 144A and Regulation S deal.

The notes come with three years of call protection.

The Stamford, Conn.-based technology research and advisory services provider plans to use the proceeds of the notes to pay down its term loan and for general corporate purposes.

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