Dex Media West to start roadshow Friday for $1.315 billion notes in seven- and 10-year tranches

By Paul A. Harris

St. Louis, Aug. 7 - The roadshow will get underway Friday for Dex Media West LLC's $1.315 billion offering of notes in two tranches, according to a syndicate source.

The deal is expected to price on Aug. 14, the source added.

The offering will be comprised of $535 million of senior notes due 2010, non-callable for four years (expected ratings B2/B) and $780 million senior subordinated notes due 2013, non-callable for five years (expected ratings B3/B).

JP Morgan, Banc of America Securities, Deutsche Bank Securities Inc., Lehman Brothers and Wachovia Securities, Inc. are joint bookrunners on the Rule 144A/Regulation S deal.

Proceeds will be used to help fund Dex Media West's acquisition of Qwest Dex's directory business in Arizona, Idaho, Montana, Oregon, Utah, Washington and Wyoming.

Dex Media West is a Denver-based yellow pages publisher.

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