SureChoice and Elevate pull Gateway Re Class AAA notes due to pricing
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SureChoice and Elevate pull Gateway Re Class AAA notes due to pricing

The deal was offering spread guidance of 525-600 bps with a mid-point multiple of 7.8x.

By Jai Singh
June 19, 2024
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SureChoice and Elevate have pulled their $50mn-$100mn Gateway Re bond owing to pricing moving higher than the guidance range, sources confirmed to this publication.

Gateway

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