Stream Global to redeem all 11¼% notes in connection with merger

By Jennifer Chiou

New York, March 3 - Stream Global Services Inc. delivered a notice of redemption for all $230 million of its 11¼% senior secured notes due 2014 in connection with Convergys Corp.'s acquisition of Stream Global, according to an 8-K filed with the Securities and Exchange Commission on Wednesday.

The notes will be redeemed at par plus accrued interest on April 2.

The merger of Convergys's wholly owned subsidiary Comet Merger into SGS Holdings, Inc. was effective on March 3.

Stream is an Eagan, Minn.-based provider of sales, customer service and technical support services for companies.

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