Gateway to start roadshow Thursday for $100 million seven-year notes

By Paul A. Harris

St. Louis, Nov. 1 - Gateway Telecommunications plc will make investor presentations for its $100 million offering of seven-year senior secured notes on Thursday and Friday in London, according to an informed source.

Presentations will take place early next week in Paris. The offering is expected to price on Nov. 8.

Citigroup has the books for the Rule 144A and Regulation S offering.

The notes will come with four years of call protection.

Proceeds will be used to repay debt and fund a dividend.

The telecommunications firm has headquarters in London and in Johannesburg, South Africa.

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